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| Exchange Disseminated Time | Cerebra Integrated Technologies Ltd has informed BSE that Karnataka State Pollution Control Board has issued its clearance to Cerebra Integrated Technologies Limited, Bangalore to establish its integrated 96,000 MT capacity E-Waste recycling plant being set up on 12 acre of land at Narsapura Industrial Area on the Old Madras Road vide their letter dated March 22, 2013. The approval is for E-Waste recycling, including processing and recovery of Precious Metals like Gold, Silver, Platinum, Palladium and Rhodium.
Cerebra plans to complete this project by December 2013 and once commissioned would be one of the largest E-Waste recycling plants in the sub-continent. This would also probably be the only truly integrated E-Waste recovery facility facilitating complete recovery of the E-Waste, Data Wiping and Destruction Services, Repair, Refurbishing and Re-Marketing Services as also full-fledged Asset management services.
Cerebra has signed a Share Purchase Agreement (SPA) with Enviro-Hub Holdings Ltd, Singapore for 100% acquisition of Enviro's wholly owned subsidiary viz., Cimelia Resource Recovery Pte Ltd, Singapore. a global leader in E-Waste and Precious Metal recovery. Cerebra with this acquisition and with the addition of the Bangalore facility is poised to become a truly global leader in the area of E-Waste management. |
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