Ramky Enviro is now Re Sustainability

Hyderabad: Hyderabad-based comprehensive environment management services provider Ramky Enviro Engineers Ltd is renamed as Re Sustainability Ltd. Announcing the company's new brand identity, its CEO and Managing Director Goutham Reddy revealed his vision for the coming 30 years.

Re Sustainability, controlled by global investment firm KKR, has lined up capital expenditure of Rs 5,000 core to more than double its capacity from 7 MTPA (million tonne per annum) at present to 15 MTPA over the next 3-4 years. The investments will be mostly from internal accruals, he said. Reddy said, "Apart from strengthening our presence in India, we are also looking for acquisitions abroad especially in South East Asia, among other geographies. We are planning to expand our operations in Singapore, Vietnam, Philippines and other South East Asian countries." Betting big on the Vehicle Scrappage Policy, the company is setting up four End of Life Vehicle (ELV) recycling facilities to scrap above 15-year-old automobiles in Delhi, Hyderabad, Bengaluru and Mumbai with an investment of Rs 70 crore in each of the units. The first ELV facility will be soon opened in Delhi.

"We are also coming up the country's first precious metal recovery plant in Hyderabad with an investment of Rs 100 crore to recycle and reuse the metals such as gold, platinum and palladium by processing the electronic waste. It will be operation in next couple of months,'' he informed. He informed that the company's revenues are expected to be at Rs 3,000 crore and a profit after tax of Rs 550 crore during this financial year. With over 25 years of experience in environmental service, it aims to working with industry bodies and government agencies in handling the waste management.