ReSustainability to commission e-waste plant in Hyderabad shortly
Hyderabad: Ramky Enviro Engineers Limited, which rebranded itself as ReSustainability Limited, has drawn up plans to invest about Rs 5,000 crore in the next three years at multiple locations. Also, it will commission its India’s first e-waste refining plant in Hyderabad in two months, said Goutham Reddy, CEO and Managing Director of Re Sustainability, a […]
Hyderabad: Ramky Enviro Engineers Limited, which rebranded itself as ReSustainability Limited, has drawn up plans to invest about Rs 5,000 crore in the next three years at multiple locations. Also, it will commission its India’s first e-waste refining plant in Hyderabad in two months, said Goutham Reddy, CEO and Managing Director of Re Sustainability, a KKR-backed company.
“As of now India is exporting e-waste to Europe to recycle. We are establishing an e-waste refining plant in Hyderabad. It will be commissioned in two months. In the refining process, we will be processing motherboards and take out precious metals such as gold, platinum and palladium,” Reddy said at a press conference.
The company’s first End of Life Vehicle (ELV) recycling facility to scrape automobiles will come up in the national capital in six months. After this, it is also planning to set up four more ELV recycling facilities in Hyderabad, Mumbai, Chennai and Bengaluru, with each costing about Rs 100 crore. In Hyderabad, it will be near Tukkuguda, Shamshabad. Each facility will have a capacity to scrap up to 100 cars per day.
The investments will be from internal accruals, he said.
On the re-branding, he said the company has transformed from a waste management company to a sustainable solutions company. It will work on promoting circular economy models with emphasis is on recycling, reducing, reusing, recovering, and replenishing among others . “It is time for a new beginning as Re Sustainability Limited,” said Reddy.
The company manages approximately six to seven million tonne per annum of municipal solid waste in 23 cities in India, the Middle East and Singapore. It also manages over one million tonne per annum of industrial hazardous and other regulated wastes across 22 locations in India, the Middle East and USA.
Its biomedical waste management footprint includes 25 facilities in India and the Middle East, servicing more than four lakh hospital beds across 45,000 healthcare establishments.
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