Latest news with #EcoRecycling
Business Standard
2 days ago
- Business
- Business Standard
CMD B. K. Soni appointed as TAC member of Sustainable Electronics Recycling International
Eco Recycling announced that B. K. Soni, Chairman and Managing Director of Eco Recycling, has been appointed as a member of the Technical Advisory Committee (TAC) of Sustainable Electronics Recycling International (SERI), the global body that administers the R2 Certificationone of the most recognized standards for responsible recycling of electronic waste. Ecoreco is a R2v3 Certified and a Member of TERRA. Soni brings with him over two decades of experience in the e-waste management industry through his leadership at Eco Recycling. He is a known thought leader in the field of sustainable waste management and circular economy. He also serves as a Director on the Board of the Material Recycling Association of India (MRAI) and is actively involved in policy advocacy and promoting best practices in the recycling ecosystem.
News18
6 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.
Mint
6 days ago
- Business
- Mint
Multibagger stock edges higher despite weak trends in Indian stock market
Eco Recycling shares increased by more than 2% during Friday's trading session after the company announced plans to enhance its capacity. This includes a proactive expansion of its e-waste recycling capabilities by 18,000 MTPA, as well as the establishment of a specialised facility with a capacity of 6,000 MTPA dedicated to processing lithium-ion (Li-ion) batteries, all situated in a cutting-edge 40,000 sq. ft. facility in Vasai, close to Mumbai. The firm indicated that it is consistent with the E-waste Management Rules, 2022, aimed at addressing the increasing generation of e-waste and the responsibilities of Producers. The submission of Extended Producer Responsibility (EPR) obligations through the centralised EPR Portal and the implementation of Environmental Compensation (EC) measures for non-compliance are anticipated to be key factors in driving industry growth and formalising the sector.
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
Business Standard
24-05-2025
- Business
- Business Standard
Eco Recycling consolidated net profit rises 10.05% in the March 2025 quarter
Sales rise 21.37% to Rs 9.77 crore Net profit of Eco Recycling rose 10.05% to Rs 2.08 crore in the quarter ended March 2025 as against Rs 1.89 crore during the previous quarter ended March 2024. Sales rose 21.37% to Rs 9.77 crore in the quarter ended March 2025 as against Rs 8.05 crore during the previous quarter ended March 2024. For the full year,net profit rose 31.28% to Rs 23.42 crore in the year ended March 2025 as against Rs 17.84 crore during the previous year ended March 2024. Sales rose 56.94% to Rs 43.96 crore in the year ended March 2025 as against Rs 28.01 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 9.778.05 21 43.9628.01 57 OPM % 71.2445.71 - 70.4758.73 - PBDT 6.542.94 122 32.6823.01 42 PBT 6.273.20 96 31.6722.21 43 NP 2.081.89 10 23.4217.84 31
