Sarda Energy & Minerals’ material Wholly Owned Subsidiary -- Sarda Metals & Alloys has received approval from Board of Directors for project expansion of Ferro Alloys by way of adding one more furnace of 36 MVA (with capacity addition of 50,000 MT p.a.) at its existing facility located at Dist. Vizianagaram, near Visakhapatnam, with an estimated capex of Rs 135 crore. The projected is expected to be operational before end of FY 2022-23.
Sarda Energy & Minerals (SEML) is one of the lowest cost producers of steel (sponge iron, billets, ingots, TMT bars) and one of the largest manufacturers and exporters of ferro alloys in India.
