Attero plans Rs 8,000 crore investment for e-waste, battery recycling
Attero has announced plans to invest around Rs 8,300 crore in the next five years to ramp up its capacity. The investment will include debt, equity and non-diluted forms of capital. The company is growing 100 percent year-on-year (YoY), and is increasing capacity in a gradual way.
At present, the company has the capacity to recycle up to 1,44,000 tonne of electronic waste (e-waste) and 15,000 tonne of lithium-ion battery annually.
In India, it is building a greenfield facility, and is in the process of finalising the space in Andhra Pradesh or Jharkhand. With this, its e-waste (recycling) capacity will be around 4,15,000 tpa, while battery (recycling) capacity will broadly reach around 50,000 tpa in a year. The company has set a target to cross USD two billion, about Rs 16,500 crore revenue by 2027. A greenfield facility is also coming up in Poland, where work has already started.
The company clocked a revenue o Rs 440 crore in FY24, and expects to cross Rs 1,000 crore in revenue this FY. It claims to have the lowest opex in the world. Attero has a 25 percent market share, which could grow to 35 percent next year.