Gravita India Share Price in Focus; To Acquire Rashtriya Metal Industries for ₹559 Crore

On March 12, 2026, Gravita India Limited, a prominent recycling company based in Jaipur, announced its acquisition of a 98.95% stake in Rashtriya Metal Industries Limited for a total of ₹559.08 crore. This strategic move marks Gravita's expansion into the copper and copper alloy sector. 

Gravita's Strategic Expansion 

Gravita India Limited has signed definitive agreements to acquire Rashtriya Metal Industries Limited, a reputed manufacturer of copper and copper alloy products. The acquisition, valued at ₹559.08 crore, is set to be completed by March 31, 2026. This move allows Gravita to diversify its recycling operations into copper products, complementing its existing focus on lead, plastic, rubber, and aluminium recycling. 

Rashtriya Metal Industries operates an integrated manufacturing facility in Sarigam, Gujarat, with a production capacity of 31,200 MTPA. Approximately 40% of its revenue comes from exports to countries including the UAE, USA, Thailand, Sri Lanka, Kenya, Indonesia, Oman, and Saudi Arabia. 

Access to New Markets and Segments 

The acquisition provides Gravita with access to high-entry-barrier segments such as electrical and automotive applications, aligning with India's Make in India initiatives. Rashtriya Metal Industries' strong export presence further enhances Gravita's market reach. 

Read More: Mahanagar Gas Share Price in Focus; To Acquire 26% Stake in FPEL Reliant Energy! 

Global Demand for Copper 

This acquisition comes amid growing global demand for copper, driven by sectors such as electrical and electronic products, building construction, industrial machinery, transportation equipment, and consumer goods. Over the past 50 years, world refined copper usage has more than tripled. 

Advisors and Legal Support 

Singhi Advisors acted as the exclusive strategic and financial advisor for Gravita, while Crawford Bayley & Co. provided legal advisory services. This acquisition strengthens Gravita's position as an integrated recycling and value-added product manufacturer. 

Gravita India Share Price Performance 

As of March 12, 2026, at 3:30 PM, Gravita India share price on NSE was closed at ₹1,503.20 down by 0.14% from the previous closing price. 

Conclusion 

Gravita India's acquisition of Rashtriya Metal Industries for ₹559 crore signifies a strategic expansion into the copper sector. This move enhances Gravita's competitive positioning and broadens its market presence in high-demand segments. 

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