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MTC Group, Exigo Recycling form JV, to invest USD 25 million

MTC Group, Exigo Recycling form JV, to invest USD 25 million

Business

MTC Group, Exigo Recycling form JV, to invest USD 25 million

Metal scrap processors the MTC Group and E-waste recycler Exigo Recycling Private Limited have formed a joint venture company MTC-Exigo Recycling Pvt. Ltd (MERPL). The joint venture company will be headquartered in Mumbai and its plants will be operational in Bengaluru and Chennai by March 2022, a joint statement said on Thursday.



MERPL targets to process over two lakh tons of e-waste annually, ramping up the recycling capacity in a phased manner across ten cities in India, including NCR, Hyderabad, Ahmedabad, Kolkata, and Lucknow.


Also read: Okaya launches electric scooter Freedum at Rs 69,900

In the coming days, MERPL’s line of activity will also include pre-processing and recycling of Lithium-Ion Batteries and EV Batteries of different chemistries, Solar PV Module recycling, Plastic recycling, and Waste to Energy (W2E), the statement said.


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  1. Pingback: JSW Steel raises USD 1 billion from offshore bond sales

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