Sarda Metals & Alloys Ltd to expand Ferro Alloys capacity

The Board of Directors of Sarda Metals & Alloys Ltd., a material Wholly Owned Subsidiary of Sarda Energy & Minerals Ltd, 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.

Shares of SARDA ENERGY & MINERALS LTD. was last trading in BSE at Rs.585 as compared to the previous close of Rs. 578.6. The total number of shares traded during the day was 12140 in over 839 trades.

The stock hit an intraday high of Rs. 595 and intraday low of 581.9. The net turnover during the day was Rs. 7152557.

Source : Equity Bulls

Keywords