Recycling player Gravita raises 34-M euros from two European financial institutions

Jaipur-based recycling player Gravita India Ltd has raised a 34 million euros loan facility from two European developmental financial institutions: France's Proparco and Austria's OeEB. The loan will be used to strengthen Gravita's sustainability initiatives. Gravita has 11 manufacturing facilities across the globe having a total capacity of 2.51 lakh MTPA.