Gravita India to take over Rashtriya Metal Industries, deal closing by Mar 31Gravita India to take over Rashtriya Metal Industries, deal closing by Mar 31

Introduction

Leading recycling company acquires 98.95% stake in Rashtriya Metal Industries for ₹559.08 crore, expanding into copper and copper alloy products with strong export and manufacturing presence.

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Share price movement of Gravita India

On March 13, 2026, Gravita India Ltd opened at ₹1,535.75, up 1.98% from its previous close of ₹1,506.25. The stock reached a high of ₹1,546.90 (2.72%) and a low of ₹1,445.00 (-4.09%). By 11:40 AM, it traded at ₹1,450.00, a 3.73% decrease, with a market cap of ₹10,702.23 crore.

Gravita India to Acquire RMIL

Gravita India Limited has signed definitive agreements to acquire 98.95% stake in Rashtriya Metal Industries Limited for a total consideration of ₹559.08 crore. The deal is expected to close by March 31, 2026.

RMIL is a Jaipur-based manufacturer of copper and copper alloy products, including strips and coils. The company has a strong export presence, contributing around 40% of its revenue from international markets.

RMIL operates a 15-acre integrated manufacturing facility in Sarigam, Gujarat, with an installed capacity of 31,200 MTPA. It serves electrical and automotive sectors, aligning with India’s Make in India initiatives.

The acquisition will expand Gravita’s presence into copper and copper alloy products, complementing its existing lead, plastic, rubber, and aluminum recycling businesses, strengthening integrated manufacturing and competitive positioning in the recycling sector.

Stock performance of Gravita India for period of 1 week, 6 months, and 1 year

Gravita India Ltd has delivered a 1-week return of -2.33%, a 6-month return of -9.25%, and a 1-year return of -6.30%.

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Shareholding pattern of Gravita India

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	55.90%	55.90%	55.90%
FII	15.80%	14.70%	15.10%
DII	4.70%	4.90%	4.40%
Public	22.30%	23.30%	23.30%
Others	1.30%	1.30%	1.40%

About Gravita India

Gravita India Ltd (NSE: GRAVITA) is a leading Indian recycling company specializing in lead, aluminum, and plastic recycling, used battery processing, and turnkey recycling projects across India.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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