The RECEIC Awards on Resource Efficiency and Circular Economy have been launched with a global focus, aiming to recognize and celebrate outstanding contributions to sustainability, resource efficiency, and circularity across industries. These awards encourage international participation and elevate discussions on sustainable business practices worldwide.
RECEIC Awards on Resource Efficiency and Circular Economy
Building on the strong foundation of the Indian Circular Economy Awards (ICEA) introduced in 2019, the RECEIC Awards continue the legacy of recognizing innovation and leadership in circularity. Through ICEA we have been able to identify up to 40 pathbreaking initiatives that have been celebrated across Large Industries, SMEs, Startups & Not for profits. For more information about ICEA past editions, please visit www.ficcices.in.
The RECEIC Awards on Resource Efficiency and Circular Economy have been launched with a global focus, aiming to recognize and celebrate outstanding contributions to sustainability, resource efficiency, and circularity across industries. These awards encourage international participation and elevate discussions on sustainable business practices worldwide.
Building on the strong foundation of the Indian Circular Economy Awards (ICEA) introduced in 2019, the RECEIC Awards continue the legacy of recognizing innovation and leadership in circularity. Through ICEA we have been able to identify up to 40 pathbreaking initiatives that have been celebrated across Large Industries, SMEs, Startups & Not for profits. For more information about ICEA past editions, please visit www.ficcices.in.
Recognizing Excellence in Sustainability
Meet Our Jury
Dr. Mukund Rajan
ChairpersonECube Investment Advisors Private Limited
Ms. Mridula Ramesh
Climatetech Investor;Founder
Sundaram Climate Institute
Mr. Anirban Ghosh
Head - Centre for SustainabilityMahindra University
Dr. R K Singh
Chief General Manager of the Green Climate Finance VerticalSIDBI
Dr. Paresh Dhepe
Senior Principal Scientist, CSIRNational Chemical Laboratory
Mr. Søren N. Kannik-Marquardsen
Regional Director South Asia & Head of Trade CouncilEmbassy of Denmark
Awardees Case Studies
Circular Economy models & Resource efficiency innovations (Matured)
WINNER: Ultratech Cement
Case Study: UltraTech Cement has demonstrated a strong commitment to going beyond traditional business by positioning itself as “A Force for Good.” The company integrates circularity with environmental stewardship to reduce its carbon footprint and improve efficiency. Notably, UltraTech has replaced 20.85% of its input materials with alternative and recycled options. To promote circularity, the company utilizes advanced technologies such as AI/ML, Computational Fluid Dynamics (CFD), 3D printing, and digitalization. Furthermore, UltraTech leverages India’s national waterways for transporting alternative materials, including plastic waste from the Maha Kumbh, significantly reducing environmental impact.
RUNNERS-UP: Re Sustainability Limited
Case Study: Re Sustainability Limited (ReSL), backed by KKR, is recognized as one of Asia’s foremost providers of comprehensive environmental management services. ReSL delivers a wide array of environmental services and infrastructure solutions and stands as India’s largest entity in recycling, resource recovery, and circular economy operations. The company maintains a growing global presence with over 100 operational locations across India, Singapore, the UAE, Saudi Arabia, Qatar, Kuwait, Oman, Tanzania, and the USA, supported by a workforce of over 22,000 individuals.
2ND RUNNERS-UP: Amara Raja Energy and Mobility Limited
Case Study: Amara Raja Energy and Mobility Limited (ARE&M) contributes to environmental sustainability through its Battery Waste Management and Recycling (BWMR) program. The company has successfully established a circular economy framework by sourcing 83% of its raw materials from recycling. Additionally, ARE&M has achieved 100% of its Extended Producer Responsibility (EPR) credits through internal collection and recycling efforts, without purchasing credits—an approach fully aligned with CPCB and MoEFCC guidelines.
Circular Economy models & Resource efficiency innovations (Evolving)
WINNER: Grasim Industries Limited, Unit: Indian Rayon, Veraval
Case Study: Grasim Industries’ Indian Rayon Unit in Veraval successfully commissioned a Seawater Reverse Osmosis (SWRO) plant using the Direct Suction Shore Pumping (DSSP) method, supported by Horizontal Guided Boring—an advanced trenchless technology that limits excavation and preserves the coastal and marine ecosystem. Offshore pipe-laying was executed using the float-and-sink method, allowing natural tidal cycles to self-bury the pipeline, ensuring minimal disruption to marine activities and ecology. The DSSP method ensures water supply reliability during low tides, and the RO reject discharge system with a submarine diffuser achieves over 100x dilution in seawater, delivering a sustainable and efficient industrial water solution.
RUNNERS-UP: Deluxe Recycling India Pvt. Ltd
Case Study: Deluxe Recycling Private Limited (Deluxe) is a leading Indian recycling company creating high-quality products from traditionally hard-to-recycle multi-layer plastics waste (MLP). The company’s game-changing technology and inventive approach to product development enables the production of valuable end-products derived from MLPs at a scale previously unseen in India. Deluxe transforms MLP waste into valuable products with a range of market opportunities, such as India’s first recycled composite board. The company uses proprietary, in-house-developed technology to manufacture a variety of heavy, rigid products, adapting its machines and processes to cater to changing client needs and availability of raw materials.
Circular Economy models & Resource efficiency innovations (Emerging)
WINNER: Adiva Polymers Limited
Case Study: Adiva Polymers Limited, a PolyRaw Group initiative, is dedicated to fostering sustainability and circularity within the plastic industry. The company produces innovative and customized recycled granules from post-consumer recycled (PCR) and post-industrial recycled (PIR) polyethylene and polypropylene waste. These efforts support brand owners and producers in adopting eco-friendly practices and reducing their environmental footprint.
RUNNERS-UP: EcoKaari Private Limited
Case Study: EcoKaari Private Limited is redefining sustainability through a unique circular business model that upcycles discarded plastic waste into handcrafted fabrics using traditional Charkha and Handloom techniques. The company transforms multilayered plastics (MLPs) into eco-friendly lifestyle products, simultaneously providing livelihoods to artisans, particularly women and marginalized communities. EcoKaari promotes conscious consumerism while addressing plastic pollution through sustainable artistry.
Circular Technology Disruptor
WINNER: Praj Industries
Case Study: Praj Industries, India’s leading industrial biotechnology company, has over four decades of experience in environment, energy, and agri-processing industries. With a global presence across 100 countries and over 1,000 customer references, Praj drives the circular bioeconomy through its Bio-Mobility® and Bio-Prism® platforms. Bio-Mobility® offers sustainable solutions for renewable transportation fuels, while Bio-Prism® focuses on renewable chemicals and materials. Praj’s R&D center, Praj Matrix, supports innovation in clean energy and circular technologies, reinforcing the company’s mission for sustainable development.
RUNNERS-UP: Cashify
Case Study: Cashify is India’s largest re-commerce platform, simplifying the process of selling, upgrading, and recycling electronic devices. Since 2013, the company has prevented over 130,000 devices from entering landfills each month through its refurbishment ecosystem. With a state-of-the-art 80,000 sq. ft. refurbishment facility and partnerships with major brands like Apple and Samsung, Cashify is extending product lifecycles and reducing e-waste, thereby promoting sustainable tech practices.
Collaboration and Partnership for Impact
WINNER: Mahindra Logistics Limited
Case Study: Mahindra Logistics Limited (MLL) exemplifies its commitment to circular economy principles through strategic partnerships with customers, suppliers, and green tech incubators. The company’s integrated logistics solutions include a 4 million sq. ft. solar-powered, resource-efficient warehouse utilizing green concrete, water circularity, and low-carbon pallets. MLL’s digital platforms such as ‘eDeL-EAR’ and IoT-based Payload Optimizer support carbon emission tracking and route optimization. Initiatives like JOULE and CATAPULT further its ecosystem collaborations, while its green skilling programs enhance sustainability awareness across its workforce and supplier network.
RUNNERS-UP: Toppan Speciality Films Pvt. Ltd
Case Study: Toppan Speciality Films has implemented innovative practices in flexible packaging, transitioning from non-recyclable multilayer plastics to recyclable mono-materials. The company operates a 300-ton/month mechanical recycling facility, converting plastic waste into granules for automotive applications. Additional innovations include a biodegradable BOPP film and Ultra High Barrier (UHB) films. Toppan also collaborates with IIT Ropar to conduct biodegradability testing and provides decarbonization frameworks for MSMEs, reinforcing its leadership in sustainable packaging solutions.
Renewable Material Transition
WINNER: Attero Recycling Pvt. Ltd
Case Study: Attero Recycling is a pioneer in e-waste and lithium-ion battery recycling, setting industry benchmarks with its advanced mechanical and hydrometallurgical processes. The company achieves a 98% recovery rate for over 22 critical metals with 99.95% purity, significantly reducing dependency on virgin resources. Attero’s innovations support green job creation and national sustainability initiatives, positioning it as a leader in the transition to renewable materials and a circular economy.
RUNNERS-UP: Karotimam Innovations Pvt. Ltd
Case Study: Karotimam Innovations is advancing the renewable material transition through its bioplastic-based flexible electronics. The company’s proprietary biodegradable substrates enable the production of resource-efficient and environmentally friendly electronic devices, accelerating the movement towards a green and circular economy.
2ND RUNNER-UP: Tuticorin Alkali Chemicals and Fertilizers Ltd
Case Study: Tuticorin Alkali Chemicals and Fertilizers Ltd has implemented India’s first carbon capture system for a soda ash facility, capturing CO2 from boiler flue gas and using it as raw material. The facility has transitioned from coal to biomass, resulting in biogenic CO2 capture. Additional sustainability measures include a floating solar plant, wind/solar energy adoption, and CO2 storage capabilities. With plans to eliminate furnace oil and integrate steam heating, TFL is on track to achieving a near-zero carbon footprint for its products.
