Mumbai, March 21 -- Lucro Plastecycle (Lucro) is a well-integrated waste management, recycling, and product manufacturing company, working to create a circular plastics economy for a better tomorrow, it added.

The company did not disclose the amount of the investment for acquiring the stake in Lucro Plastecycle.

HUL stated that the investment is a step forward toward its sustainability goals to scale up the use of recycled flexible content in packaging, in line with the government's vision of a zero plastic waste future.

HUL further stated that the investment aims to strengthen plastic circularity by increasing the availability of recycled content for flexible plastics, providing a roadmap for businesses to move toward sustainable plas...