New Delhi: Electronic waste recycling firm A2Z Dataserv Sunday said it has plans to expand plant capacity to 1 lakh tonnes in two years from initial capacity of 10,000 tonnes.
"We are starting with 10,000 tonnes capacity per annum plant with initial investment of Rs 20 crore. After two years of business we will look at capacity to process 100,000 tonnes per annum and investment will also be in same tune," A2Z Dataserv Managing Director Amit Sardana told media.
He said the company has raised 60 percent as debt from ICICI bank for this venture and will evaluate need for infusing second round of fund after six months.
A2Z E-Waste management recently announced it joint venture with UK based e-waste management firm Dataserv to set up plant in e-waste recycling facility in Gurgaon, with an initial investment of Rs 20 crores capacity to handle e-waste up to 10,000 tonnes per annum.
A2Z said it has 80 percent stake in the JV and this new firm will look for business in India and the Middle East.
Sardana said the company has started the process to set up a plant in Dubai as well which will be 100 per cent owned by A2Z Dataserv. Simultanously company is working to set up 5 more plants in India.
It's Gurgaon plant will start operations in April, Sardana said.
First Published: Sunday, March 25, 2012, 20:15