Mumbai-based company invests in debt-free expansion including lithium-ion battery processing facility while achieving international industry recognition.
18 Jul 2025 | 353 Views | By Angitha Suresh
Eco Recycling Limited (Ecoreco) has completed a capacity expansion of 18,000 metric tonnes per annum (MTPA) for e-waste recycling at its facility in Vasai, near Mumbai. The company has also established a dedicated 6,000 MTPA facility for processing lithium-ion batteries within a 40,000 square feet industrial complex.
The expansion ...
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Eco Recycling Limited (Ecoreco) has completed a capacity expansion of 18,000 metric tonnes per annum (MTPA) for e-waste recycling at its facility in Vasai, near Mumbai. The company has also established a dedicated 6,000 MTPA facility for processing lithium-ion batteries within a 40,000 square feet industrial complex.
The expansion has been funded entirely through internal accruals, maintaining the company's zero-debt status. This debt-free approach eliminates interest and EMI obligations, providing operational flexibility compared to competitors who rely on external financing.
The new facilities align with India's E-waste Management Rules 2022, which require producers to meet recycling targets for incremental e-waste generation. The rules mandate Extended Producer Responsibility (EPR) compliance through a centralized portal and impose Environmental Compensation provisions for non-compliance.
Ecoreco has become the first Indian e-waste recycling company to join TERRA (The Electronics Reuse & Recycling Alliance), an international network of certified recyclers with R2, R2v3, and e-Stewards certifications. This membership enhances the company's alignment with international Environmental, Social, and Governance (ESG) standards.
The company operates across the e-waste management spectrum, providing collection, logistics, recycling, data destruction, refurbishment, and EPR compliance services. Its client base includes brand-conscious producers focused on environmental responsibility.
Prime Minister Narendra Modi mentioned Ecoreco and its mobile application 'BookMyJunk' in his 'Mann Ki Baat' radio address, providing national recognition for the company's sustainability initiatives.
Ecoreco trades on the Bombay Stock Exchange under scrip code 530643 with ISIN INE316A01038. The company's facilities are registered with the Central Pollution Control Board (CPCB) and Maharashtra Pollution Control Board (MPCB), and hold R2V3 Responsible Recycling certification.
The e-waste recycling industry in India is experiencing formalization as regulatory frameworks strengthen and informal operations face increased scrutiny. The introduction of centralized EPR portals and compensation mechanisms for non-compliance is expected to drive growth in the formal recycling sector while reducing environmental impact from unregulated activities.