Close Menu
The Startup Story
    Facebook X (Twitter) Instagram
    Monday, June 16
    Trending
    • GNC India Unveils Protein Wafer: Crunchy, Munchy, and Packed with Protein
    • Freshara Agro Exports Achieves Rs. 260+ Cr Total Revenue in FY25, Setting a New Milestone
    • LANXESS starts fiscal year 2025 with significant earnings increase
    • Education Minister Rushikesh Patel Inaugurated Academia: Times Education Expo 2025
    • TrueFits App: India’s Fitness Game-Changer with AI Power
    • Palladian Partners Sales Force, Books 100 Crore in 48 Hours with Andheri Prarambh in Mumbai
    • Abhyaas Law Prep Shines in CLAT 2025 with 50+ NLU Seats in First List
    • Net 9 Fibernet Pvt Ltd: Best Internet Service Provider in Mumbai
    The Startup Story
    • Startup News
    • Business
    • Technology
    • National
    • World
    The Startup Story
    Home»Business»Prometheus launches new E-waste recycling plant in Gwalior
    Business

    Prometheus launches new E-waste recycling plant in Gwalior

    Arjun SinghBy Arjun SinghJanuary 31, 2022No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Set up at a cost of around INR 4-5 crore, this is the second such plant in the state of Madhya Pradesh plant is fully equipped with adequate technology to extract metals from e-waste, which is based on manual dismantling, segregation, and recycling method

    New Delhi (India), January 31: Comprehensive and complete e-waste recycling solutions provider Prometheus has announced its plans to launch a new e-waste recycling plant in Gwalior. The second such plant to come up in the state of Madhya Pradesh, Prometheus has been promoted by the founders of Petonic, researchers, ideators, and serial entrepreneurs Yashraj and Yuvraj Bhardwaj. The company is already in place with approval from the Pollution Control Board for handling hazardous and e-waste.

    The company is fully equipped with adequate technology to extract metals from e-waste, which is based on manual dismantling, segregation, and recycling methods. The company deploys a dry shredding and separating method to extract metals from printed circuit boards, which are then granulated to less than 5mm size and eventually sent to an electrostatic separator which ensures complete separation of metals and hazardous content. On the sustainability front, the company does not generate any emissions in the form of water or dust.

    Prometheus collects e-waste from leading companies across India through contractual procurement and also buys it from various institutes, organizations, and smaller companies on a B2B model. It is currently working for Haier through a PRO and is in discussion with Samsung, Panasonic, Godrej, and LG for annual contracts for the year 2022.

     

    The e-waste collected by the company is segregated, and usable devices are refurbished. These are then sold through online marketplaces and dealers’ networks. Commodities like copper, aluminium, iron, etc. are extracted from waste that is of no use. These are further sold to foundries and factories that produce metal castings.

    Commenting on the launch plan of its new e-waste recycling plant, Mr. Afzal Malik, Plant Director Prometheus said, “India which is a young country, which is fast undergoing a Digital transformation. One side that needs attention as we scale up our digital and electronic capabilities is the electronic waste that has been increasing and that precautions are better than cure. That led us to do something that will help in ensuring a sustainable future even as we grow as a nation. It is important to work on the concept of a circular economy that can reduce the increasing pressure on our natural resources.”

    Reiterating the company’s commitment to ensuring sustainable and inclusive growth, Mr. Shekhar Sharma, Chief Operating Officer of Prometheus, said, “The past two years have been very challenging on the business front for almost everybody. COVID-19 has impacted the entire value chain across businesses. However, despite the odds being stacked against us, we have been reacted fast and secured a significant milestone as a company. The new plant that will soon come up is a testimony of the same.”

    The company has a target to achieve the re-cycling of approximately 5000 metric tonnes of e-waste every year.

    Prometheus has plans to set up 28 more e-waste recycling plants in the country, each of which needs an outlay of around USD 1 Million. The company is already in talks with investors to put its expansions plans into action and has an ambitious target of achieving recycling 1 lakh metric tonne of e-waste.

    With a commitment to an E-waste free world, Prometheus E-waste recycling provides modern solutions for proper and safe disposal for all your e-waste. Your electronics deserve a proper goodbye, and we have comprehensive solutions for all your E-waste problems. We collect e-waste across the nation through contractual procurement and discard it through sequential segregation, dismantling, and recycling techniques.

    #estatesector #covid19
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleMemorables’- Customized mind-stimulating tools to help Dementia patients
    Next Article Business Mint Nationwide Awards Under 40 Promising Entrepreneurs – 2022
    Arjun Singh
    • Website

    Related Posts

    Net 9 Fibernet Pvt Ltd: Mumbai’s Internet Service Provider for Speed and Reliability

    June 16, 2025

    From a One-Room Office to 1,000+ Campaigns: GroomYourGram’s Rise in India’s Creator Economy

    June 14, 2025

    BillWizz: Revolutionizing Online Bill Payments for Indians

    June 14, 2025

    Comments are closed.

    Latest Post

    GNC India Unveils Protein Wafer: Crunchy, Munchy, and Packed with Protein

    June 16, 2025

    Freshara Agro Exports Achieves Rs. 260+ Cr Total Revenue in FY25, Setting a New Milestone

    June 16, 2025

    LANXESS starts fiscal year 2025 with significant earnings increase

    June 16, 2025

    Education Minister Rushikesh Patel Inaugurated Academia: Times Education Expo 2025

    June 16, 2025

    TrueFits App: India’s Fitness Game-Changer with AI Power

    June 16, 2025

    Palladian Partners Sales Force, Books 100 Crore in 48 Hours with Andheri Prarambh in Mumbai

    June 16, 2025

    Abhyaas Law Prep Shines in CLAT 2025 with 50+ NLU Seats in First List

    June 16, 2025

    Net 9 Fibernet Pvt Ltd: Best Internet Service Provider in Mumbai

    June 16, 2025

    Net 9 Fibernet Pvt Ltd: Mumbai’s Internet Service Provider for Speed and Reliability

    June 16, 2025
    Categories
    • Alieus Hedge Fund
    • Automobile
    • Awards with Asia Insurance Review
    • Bajaj Allianz General Insurance
    • Business
    • Business News
    • Chairperson & MD
    • Demat Account
    • Design
    • Education
    • English
    • ENTERTAINMENT
    • Events
    • Fashion
    • FATx Coin
    • Feb-2025
    • Finance
    • Health
    • Hindi
    • home loan
    • Home Loan EMI Calculator
    • Issues Rs 100 Crore Bond
    • Launching Worldwide
    • Lifestyle
    • Municipal Corporation
    • National
    • NW Draft
    • Opinion
    • Pallavi Jha
    • Photography
    • Piramal Finance
    • Piramal Finance Home Loan EMI Calculator
    • PNN News
    • Press Release
    • Rajkot
    • Sports
    • Startup News
    • Tech
    • Technology
    • Techonology
    • Travel
    • Uncategorized
    • Walchand PeopleFirst
    • World
    • एजुकेशन
    • नेशनल
    • बिज़नस
    • लाइफस्टाइल
    • हेल्थ
    Copyright 2025 © Designed by The Startup Story.

    Type above and press Enter to search. Press Esc to cancel.