Gravita India is leading Indian company having state-of-the-art Lead Processing unit at Jaipur (Rajasthan), India on January 18 has signed an annual agreement with Sorin Corporation, a subsidiary of Korea Zinc Co for supplying of approx 8,000 MT of refined lead to be executed in calendar year 2021. The approximate value of the contract is Rs 1,250 million.

Korea Zinc is a world's leading non-ferrous metal smelting company that has served as a foundation for the growth of the base metal industry in Korea. Established in 1974, it produces about 1.2 million tons out of various types of non-ferrous metals from zinc to lead, gold, silver, copper as well as rare materials such as indium.

Sorin Corporation has its presence largely in South East Asian countries like Vietnam, Japan, South Korea, Philippines and India.

Shares of the company gained Rs 1.95, or 2.5%, to trade at  Rs 80.  The total volume of shares traded  was  12,452 at the BSE (11.37 a.m., Monday).