Attero to invest Rs 83 billion to increase e-waste recycling capacity

  • Industry News
  • May 22,24
Equipped with a revenue target of over $2 billion by 2027, Attero aims to capitalise on the industry's 30% annual growth rate, exceeding its own 100% year-on-year growth
Attero to invest Rs  83 billion to increase e-waste recycling capacity

Attero, an electronic waste and battery recycling firm, aims to invest approximately Rs 83 billion over the next five years to enhance its capacity, according to Nitin Gupta, CEO & Founder, Attero. Currently, the company can recycle up to 144,000 tonnes of electronic waste (e-waste) and 15,000 tonnes of lithium-ion batteries annually.

"In the next five years, our investment will amount to roughly $1 billion, encompassing various forms of capital, including debt, equity, and other non-diluted forms," Gupta informed a source. The company, experiencing a 100% year-on-year growth, is gradually expanding its capacity.
"A greenfield facility in Europe will come up in Poland. Work has already started there. In India, we are building another greenfield facility. We are finalising the space in Andhra Pradesh/Jharkhand. Our e-waste (recycling) capacity will get to roughly around 4,15,000 tonnes per annum. Our battery (recycling) capacity will broadly reach around 50,000 tonnes per annum in a year," said Gupta,.

Equipped with a revenue target of over $2 billion by 2027, Attero aims to capitalise on the industry's 30% annual growth rate, exceeding its own 100% year-on-year growth. Gupta highlighted that Attero's revenue reached around Rs 2.85 billion in FY23 and Rs 4.40 billion in FY24, expecting to surpass Rs 10 billion in revenue this fiscal year.

Gupta emphasised Attero's superiority in extraction efficiency, with a 98% rate compared to the global average of less than 75%. Additionally, Attero boasts significantly lower capital and operating expenses, making it a formidable player in the market. Currently holding a 25% market share, Attero anticipates this to increase to 35% next year, outperforming competitors with less than 10% market share.
(Source: Business Standard)

Related Stories

Fabrication
Association of Indian Forging Industry appoints  Ashwani Jotshi as secretary general

Association of Indian Forging Industry appoints Ashwani Jotshi as secretary general

Established in 1965, the Association of Indian Forging Industry (AIFI) is the strongest, oldest Forging Association with highest members from the industry in India.

Read more
Auto & Auto Components
Godrej & Boyce announces motor components operations; eyes EV sector

Godrej & Boyce announces motor components operations; eyes EV sector

Godrej & Boyce aims to double the revenue from the motor components business in the next three years.

Read more
Auto & Auto Components
Kia India exports over 250,000 vehicles from Anantapur manufacturing facility

Kia India exports over 250,000 vehicles from Anantapur manufacturing facility

Kia India has launched five vehicles for the Indian market – the Seltos, the Carnival, the Sonet, the Carens, and the EV6.

Read more

Related Products

Servo Drives, Fully Digital

ELECTRICAL & ELECTRONIC EQUIPMENT

Bristol Industrial Electronics offers optimum quality, fully digital servo drives. 

Read more

Request a Quote

Fluorescent Pigments for Traffic Cone

ELECTRICAL & ELECTRONIC EQUIPMENT

Aron Universal Limited offers a wide range of fluorescent pigments for traffic cone.

Read more

Request a Quote

D C Choke

ELECTRICAL & ELECTRONIC EQUIPMENT

Miracle Electronic Devices Pvt Ltd offers a wide range of D C choke.

Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back