The engineering and lead recycling Turnkey solution arm of the Gravita India's arm Gravita Projects has bagged order worth Rs 150 million from Middle East Region.

As Oil economy is posing challenge of sustainability to Middle East Countries hence their Government is giving thrust to Manufacturing & Recycling Sector and many new investments are taking place in this sector.

Gravita a leading recycler of Lead has a niche offering in Lead Recycling Turnkey Solutions and executed over 50 projects in last few years. This first move will help company in developing its market in the developing region. The said orders will be executed by the end of December 2017.

Shares of the company gained Rs 2.4, or 3.35%, to trade at Rs 74.00. The total volume of shares traded was 140,483 at the BSE (3.09 p.m., Thursday).