Rashtriya Metal Industries Limited (“RMIL”)
signed definitive agreements for acquisition of 98.95% stake of Rashtriya Metal Industries Limited (“RMIL”) for a total consideration of Rs. 559.08 Crores. The transaction is expected to be closed on or before 31st March 2026.
RMIL is one of the most reputed manufacturers of copper and copper alloy products, including strips and coils, with a strong export presence. Approximately 40% of RMIL’s revenue is derived from exports to key international markets such as the UAE, USA, Thailand, Sri Lanka, Kenya, Indonesia, Oman, and Saudi Arabia. The company operates an integrated manufacturing facility in Sarigam, Gujarat, spread across ~15 acres, with an installed production capacity of 31,200 MTPA.
RMIL has established a strong presence in electrical and automotive applications, providing Gravita access to high-entry-barrier and policy-supported segments aligned with India’s Make in India initiatives.
The proposed acquisition will enable Gravita to strategically expand into copper and copper alloy products, including recycling from copper scrap to copper alloys, complementing its existing businesses in lead, plastic, rubber, and aluminum recycling. This move will further strengthen Gravita’s position as an integrated recycling and value-added product manufacturer while enhancing its competitive positioning and margin profile.
Date of Incorporation November 28, 1946
Country of Incorporation India
CIN U99999MH1946PLC005378
Business undertaken Manufacturing copper & copper alloy products
Turnover of last three years (Rs. in crores)
Year Amount
FY 24-25 910
FY 23-24 688
FY 22-23 598
Presence in India