Gravita India Limited, a prominent “Recycling Company” with manufacturing operations worldwide, is announced that its “Pure Lead,” produced at its Mundra, Gujarat plant, has been approved and included as an authorized Lead Brand for delivery against MCX lead futures contracts. Additionally, the Pure Lead manufactured at the company’s Chittoor and Phagi plants has already been empanelled with MCX.
The Multi Commodity Exchange of India Limited (MCX), the nation’s first listed exchange, serves as a modern commodity derivatives exchange facilitating online trading of commodity derivatives transactions. It provides a platform for price discovery and price risk management, operating under the regulatory framework of the Securities and Exchange Board of India (SEBI) since its inception in November 2003.
The MCX empanelment presents with an additional avenue for hedging, improved inventory management, and enhanced price transparency in the domestic market. This inclusion will expand the availability of high-quality lead for delivery against MCX lead futures contracts, benefiting market participants. It also aligns with Gravita group’s vision of becoming the most valuable company in the recycling space globally.
Gravita is a leading global recycling company with 12 eco-friendly, state-of-the-art manufacturing facilities worldwide, boasting a total capacity of 2,90,859 MTPA. With a presence in over 70 countries and a rich recycling heritage of over 30 years across five business verticals, the company stands among the top 1,000 listed companies on both NSE and BSE Ltd.