Latest news with #E-WasteManagementRules
News18
5 days ago
- Business
- News18
Eco Recycling adds annual e-waste recycling capacity by 18,000 MT
New Delhi, Jul 18 (PTI) Waste management player Eco Recycling on Friday said it has increased the annual capacity to repurpose e-waste and li-ion batteries by 18,000 metric tonnes with commissioning of a new plant in Maharashtra. With this expansion, its total annual recycling capacity now stands at 31,200 metric tonnes per annum (MTPA), Eco Recycling said in a regulatory filing. The increased recycling capacity will enhance footprint in the recycling volume of electrical and electronic waste and li-ion batteries and support producers to meet their incremental quantitative obligations under the E-Waste Management Rules, 2022, the company said. The company's CMD B K Soni said, 'Our latest capacity expansion particularly the dedicated lithium-ion battery facility is a strategic step to not only meet the environment friendly disposal of surging e-waste but also confirms India's commitment to the globally accepted EPR (Extended Producers Responsibility) framework." The new plant in Vasai near Mumbai is spread over 40,000 square feet, where 6,000 MTPA has been commissioned for lithium-ion battery recycling, the company said. 'The entire investment has been funded through internal accruals," the company said without sharing any financial details. view comments First Published: July 18, 2025, 15:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Upturn
5 days ago
- Business
- Business Upturn
Eco Recycling announces expanded capacity for e-waste and lithium-ion battery recycling
By Aditya Bhagchandani Published on July 18, 2025, 12:54 IST Eco Recycling Limited (BSE: ECORECO), India's pioneering professional e-waste management company, announced an expansion in its recycling capacities, reinforcing its leadership in the formal e-waste and lithium-ion battery recycling segment. In a press release dated July 18, 2025, the company shared that its total recycling capacity has now increased to 31,200 MTPA, supporting producers in meeting their obligations under the E-Waste Management Rules, 2022. This move positions the company well to cater to the rising compliance needs of electronic producers as Extended Producer Responsibility (EPR) norms gain prominence. Key highlights of the expansion: E-waste recycling capacity increased by 18,000 MTPA Dedicated 6,000 MTPA facility for lithium-ion battery recycling New 40,000 sq. ft. plant in Vasai, near Mumbai Entire investment funded via internal accruals, maintaining a zero-debt status Mr. B K Soni, Chairman & Managing Director of Eco Recycling Limited, commented: 'At Ecoreco, we believe the future of sustainability lies in building resilient infrastructure today. Our latest capacity expansion—particularly the dedicated lithium-ion battery facility—is a strategic step to meet the environment-friendly disposal of surging e-waste while strengthening India's commitment to the globally accepted EPR framework.' He further highlighted the company's focus on helping producers fulfill their obligations seamlessly while contributing to pollution reduction and sector formalization. The company also celebrated two major recognitions: Becoming the first Indian e-waste recycler inducted into TERRA (The Electronics Reuse & Recycling Alliance) , a global network of certified recyclers. Honorable mention by Prime Minister Narendra Modi during his Mann Ki Baat program for its contribution to sustainability through its BookMyJunk app. About Eco Recycling: Eco Recycling provides integrated solutions for e-waste management, including reverse logistics, data destruction, asset recovery, and recycling, while adhering to global standards. For FY25, the company reported a total income of ₹46.30 crore, EBITDA of ₹33.32 crore, and PAT of ₹23.38 crore. The company remains committed to innovation, operational excellence, and supporting India's transition to a circular economy. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
6 days ago
- Business
- Business Upturn
Eco Recycling expands capacity by 18,000 MTPA, sets up lithium battery facility near Mumbai
Eco Recycling (Ecoreco), one of India's leading e-waste management companies, is taking a big leap toward a cleaner and greener future. The company has expanded its recycling capacity by 18,000 MTPA and also set up a dedicated 6,000 MTPA facility to process lithium-ion batteries. This new, high-tech unit, spread across 40,000 sq. ft. in Vasai near Mumbai, aligns perfectly with India's E-Waste Management Rules, 2022. What makes this move even more impressive is that the entire investment—land, building, and machinery—was funded using internal resources, keeping the company debt-free. With no interest or EMI burdens, Ecoreco gains a clear financial edge, allowing greater flexibility and resilience in its operations. This expansion comes at a time when Extended Producer Responsibility (EPR) regulations and environmental compliance are tightening, pushing the industry toward more formalized, eco-friendly practices. Ecoreco continues to offer end-to-end e-waste services, from collection and logistics to data destruction, refurbishment, and full EPR compliance, following global best practices. Its client base includes well-known, environmentally conscious brands. Adding to its achievements, Ecoreco has become the first Indian e-waste recycler to join TERRA (The Electronics Reuse & Recycling Alliance), a top international network of certified recyclers. This boosts the company's global reputation and ESG credentials. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Indian Express
7 days ago
- Business
- Indian Express
E-waste facilities being studied in Norway, Hong Kong to develop first-of-its-kind eco park in Delhi: Minister
The Delhi government is studying e-waste facilities in Norway and Hong Kong to develop a first-of-its-kind eco park in India, Environment Minister Manjinder Singh Sirsa said on Wednesday. The project, to be developed over the next 18 months in Holambi Kalan in North Delhi's Narela on a public-private partnership (PPP) model, will boost the circular economy and generate employment, he asserted. 'We are studying successful models across the world, including Norway, which is very eco-friendly, and Hong Kong, where e-waste facilities operate within cities but cause zero pollution,' said Sirsa. The third-party feasibility study will review global models with a focus on the design and engineering of zero-emission, zero-landfill recycling parks, rare earth and precious metal recovery systems, and pollution control infrastructure, among other things. 'Our goal is to adopt only the cleanest and safest technologies. This will not only ensure environmental protection but also provide an economic boost to the local village and mark a major step towards freeing Delhi from its pollution burden,' he added. Sirsa claimed that the upcoming facility will be the first-of-its-kind in the country with net-zero emissions and will be surrounded by a dense canopy of trees, making it one of the greenest plants ever built in the country. Spread over 11.4 acres, the eco park will be developed through a Design, Build, Finance, Operate and Transfer (DBFOT) model, where a private entity is responsible for the entire lifecycle of a project before it is transferred back to the public entity. It will involve a capital cost of Rs 150 crore and an operational cost of over Rs 325 crore, the Delhi government said in a statement. 'It is expected to cause a substantial reduction in pollution,' the official statement underlined. The Minister had announced the plans to build the eco-park in Holambi Khan in June. Earlier on Wednesday, Chief Minister Rekha Gupta chaired a high-level meeting on the project, where it was decided that a global tender will be issued by the Delhi State Industrial and Infrastructure Development Corporation (DSIIDC). The facility will process up to 25% of Delhi's total e-waste annually within five years. India, currently the world's third-largest e-waste generator, produces more than 1.6 million metric tonnes annually, growing at 23% each year, as per the statement. It added that, of this, Delhi alone contributes 9.5%, but only 17.4% of e-waste is recycled globally, leading to a loss of nearly $57 billion in valuable metals such as copper, lithium, and rare earth elements. The eco park will feature dedicated zones for dismantling, refurbishing, component testing, plastic recovery, and a second-hand electronics market. It will also include skilling and training centres for formal upskilling of workers. Once operational, it is expected to process 51,000 metric tonnes of e-waste annually, across 106 categories as notified under the E-Waste Management Rules, 2022, and generate over Rs 350 crore in revenue. The project is part of a larger national push for circular economy solutions, inspired by Prime Minister Narendra Modi's address to the Empowered Technology Group. As per the Centre's vision, four such e-waste eco parks are to be established across the country. Delhi is among the first to commit land, governance support, and financial viability to the initiative, government sources claimed.
NDTV
10-06-2025
- Business
- NDTV
"Careless Dumping Days Behind Us": Delhi To Get India's 1st E-Waste Eco Park
Quick Read Summary is AI generated, newsroom reviewed. Delhi to launch an e-waste Eco Park in Holambi Kalan to address electronic waste sustainably. The facility, covering 11.4 acres, will process 51,000 metric tonnes of e-waste annually. With an investment of Rs 150 crore, the park aims to generate Rs 350 crore in revenue. New Delhi: Delhi is taking a groundbreaking step toward a greener future with the launch of India's first e-waste Eco Park in Holambi Kalan. This innovative project aims to revolutionise how the country deals with electronic waste, turning a significant challenge into an opportunity for sustainable growth. Spanning over 11.4 acres, the e-waste Eco Park will be a cutting-edge facility capable of processing up to 51,000 metric tonnes of e-waste each year, covering all 106 categories outlined in the E-Waste Management Rules, 2022. With a capital investment of Rs 150 crore and an operational budget exceeding Rs 325 crore, this park is projected to generate Rs 350 crore in revenue, fostering a thriving ecosystem for recycling, recovery, and responsible waste management. "This isn't just about managing waste, it's a testament to Delhi's dedication to a circular economy where every resource counts, and every worker matters," Environment Minister Manjinder Singh Sirsa said after leading a crucial meeting to finalise the next steps for development. He added, "The days of careless dumping are behind us. We're focused on making Delhi ready for the future industrially, environmentally, and socially." To attract top-notch green technology providers from around the globe, the Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) will soon issue a global RFQ-cum-RFP tender. The Eco Park will be developed using a DBFOT (Design, Build, Finance, Operate, Transfer) model under a Public-Private Partnership (PPP) framework, with a concession period of 15 years. The construction of the Eco Park is set to wrap up within 18 months. Once up and running, the park will manage nearly 25 per cent of Delhi's e-waste and will serve as a model for similar initiatives across the country. Tackling India's E-Waste Emergency India stands as the third-largest producer of e-waste in the world, churning out over 1.6 million metric tonnes each year. Delhi contributes nearly 9.5 per cent of that staggering total. Unfortunately, only 17.4 per cent of global e-waste is recycled in a scientifically sound manner, which means we're missing out on valuable resources like copper, lithium, and rare earth metals. Delhi's E-Waste Eco Park is the first of four such facilities planned across the country. With solid backing, land set aside, and financial support already secured, Delhi is stepping up to transform environmental challenges into real, sustainable infrastructure for the future. Green Jobs, Clean Delhi It's not just about the environment. The Eco Park is also set to bring order to the informal sector, creating thousands of green jobs and empowering local dismantlers, recyclers, and refurbishers. By encouraging the safe and scientific recovery of essential materials, Delhi is paving the way for a cleaner, greener, and more inclusive industrial landscape.
