Gravita India to Invest ₹94.42 Crore in Copper Subsidiary

Gravita India Limited has approved an additional investment of approximately ₹94.42 crore in its material subsidiary, Rashtriya Metal Industries Limited (RMIL), through subscription to the subsidiary's rights issue. The investment will support RMIL's general corporate purposes and strengthen Gravita's presence in the copper and copper-alloy products business. Investment Details Investment Amount: Approximately ₹94.42 crore Subsidiary: Rashtriya Metal Industries Limited (RMIL) Investment Route: Subscription to a rights issue Purpose: General corporate requirements Transaction: Cash investment classified as a related-party transaction and stated to be at arm's length. RMIL's Copper Business RMIL manufactures copper and copper-alloy products, including strips and coils, and exports to markets such as the UAE, USA, Thailand, Sri Lanka, Oman, Saudi Arabia, Kenya and Indonesia. Its financial performance highlights include: FY26 Turnover: ₹1,041 crore FY25 Turnover: ₹910 crore Net Worth as of March 31, 2026: ₹330 crore Total Assets as of March 31, 2026: ₹579 crore Gravita's Shareholding Following the proposed investment, Gravita India's shareholding in RMIL is expected to increase marginally from 99.5880% to 99.5881%, maintaining its near-total ownership of the subsidiary. The investment supports Gravita's expansion into copper-related businesses as it continues to diversify beyond its established recycling operations. What Investors Should Monitor Investors can track RMIL's future revenue growth, utilisation of the additional funds and the contribution of copper products to Gravita India's overall business performance. Disclaimer: This content is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any security. Investors should conduct their own research and consider their risk profile before making any investment decision.