Sarda Energy & Minerals has informed that in its meeting held on 10th May 2021, the Board of Directors of Sarda Metals & Alloys, a material Wholly Owned Subsidiary of the Company, has approved expansion project 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.
The above information is a part of company’s filings submitted to BSE.
