Gravita Indias pure lead is empaneled with MCX

17 Feb 2022 , 10:40 AM

The Multi Commodity Exchange of India (MCX) is a commodity derivatives exchange that facilitates online trading of commodity derivatives transactions. Till date, only LME approved brands are deliverable on MCX platform.

The MCX empanelment will provide Gravita India an additional platform for hedging, better inventory management and price transparency in the domestic market.

Gravita India is a multinational recycling company having three recycling verticals lead, aluminium and plastic and 13 eco-conscious manufacturing facilities, with a global footprint across 70+ countries.

On a consolidated basis, net profit of Gravita India surged 149.65% to Rs 39.32 crore on 48.98% rise in net sales to Rs 556.61 crore in Q3 December 2021 over Q3 December 2020.

Shares of Gravita India were up 0.60% to Rs 374.35 on the BSE.

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