Noida headquartered e-waste recycling major Attero has announced plans to invest ₹150 crore to significantly scale up its recycling operations and research and development capabilities. The investment will support the establishment of new e-waste recycling plants, a copper recycling facility, and a dedicated R&D Centre of Excellence.
The company will set up three new e-waste recycling plants in Pune, Bengaluru, and Faridabad, each with a processing capacity of 25,000 tonnes per annum. Together, these facilities will add 75,000 tonnes of annual e-waste recycling capacity.
In addition, Attero will commission a copper recycling plant in Reengus, Rajasthan, with a capacity of 25,000 tonnes per annum. The company also plans to establish an R&D Centre of Excellence in Greater Noida to strengthen innovation and technology development across its recycling verticals.
According to Nitin Gupta, Co-founder and CEO of Attero, the company has already exceeded its existing e-waste processing capacity, driven by rising demand from both customers and suppliers. The new infrastructure will help Attero cater to this growing market demand while strengthening its end-to-end recycling capabilities. All the proposed facilities are expected to be operational by the end of the current financial year. The expansion will be funded through a mix of internal cash accruals and debt.
Attero e-waste recycling vertical, which remains its largest revenue contributor, has recorded 70 percent annual growth. The company’s lithium and battery recycling business grew three times year-on-year, while its rare earth recycling vertical posted a sharp 100-fold increase compared to the previous year. The rapid growth in rare earth recycling comes amid heightened global focus on critical minerals following China’s export restrictions, which have exposed supply chain vulnerabilities for industries such as automotive manufacturing.
Nitin Gupta noted that while e-waste continues to lead in revenue contribution, rare earth recycling is currently the fastest-growing vertical, followed by battery recycling.
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