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Cerebra Integrated Technologies commences new facility to handle e- waste

Tuesday, July 31, 2018

Cerebra Integrated Technologies Ltd has India’s largest E-Waste Recycling facility currently with a capacity of 96000 MT per annum, which is fully automated and pollution free. Cerebra has informed Stock Exchanges that it has commenced construction of its second factory building measuring 50,000 sq ft to house state of the art, fully automated, ultra modern, pollution free, E-Waste Recycling facility to handle white goods specifically and the same shall be ready and fully operational by December 2018. The total facility now stands at 100,000 sft.

With the Government support and the new E-Waste policy the entire market shall be handled by organized players only, whereby Cerebra will gain with turnover and profits substantially. Cerebra Middle East FZCO is a niche IT Distribution house offering Data Centre, Security Surveillance and IT Infrastructure management solutions to the Middle East and North Africa (MENA) regions.

This new facility will be an ultra modern facility capable of handling all white goods including refrigerators, washing machines, air-conditioners and ensure that it is safely disposed off without causing any pollution, without letting out anything to the atmosphere, land or water. This will be a state of the art automated plant. With this new facility, Cerebra will be having an unparallel infrastructure in the country of over 1 lakh square feet of modern facilities to handle the complete gamut of Waste Electronic Electrical Equipment and thereby making us a leader in this segment.

Cerebra was recently awarded 'CRISIL MSE 2' rating which indicates financial strength High, Operating performance High and also 'High Credit worthiness in relation to other MSEs'. The Company has been performing well with excellent results for FY 2017-18, during this period the company reported a total Revenue of Rs 316.13 crore and EBITDA of Rs 43.91 crore and EPS of Rs. 2.75.

According to market sources that the promoters of the Company have been acquiring the shares through creeping acquisition at regular intervals from the market and are now holding about 1.35 crore shares of the Company. The Promoters are still looking at increasing the shareholding.

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