Indian lead producer and exporter Gravita has signed a recycling agreement with the country’s industrial and automotive battery producer Amara Raja Batteries.
The contract for lead-acid battery scrap collection and recycling was part of a “joint initiative toward environmental protection and sustainability”, Gravita said in a National Stock Exchange of India announcement.
Under the terms of the contract, Gravita will “collect/purchase lead-acid battery scrap from designated locations of Amara Raja”— and expects to supply the battery maker with around 8,000 metric tonnes of lead during the 2018-19 financial year (FY).
Gravita said the deal would help it “strengthen its top line in FY18‐19 coupled with cost-effective recycling and long-term business association with Amara Raja”.
A recent report by the India Energy Storage Alliance said the lead-acid business in the country is set to soar over the next few years and demand from stationary and motive applications (SMA) will more than double in value.
Amara Raja CEO S Vijayanad said last year “lead-acid batteries will continue to be the preferred choice of energy backup in larger footprint installations like telecom towers”.