Sarda Metals & Alloys Approves ₹300 Crore Capex for Green Initiative and Expansion
Sarda Energy & Minerals Limited has announced that its wholly owned subsidiary, Sarda Metals & Alloys Ltd., has approved a significant capital expenditure (capex) as part of its commitment to environmental sustainability.The Board of Directors of Sarda Metals & Alloys Ltd. sanctioned the ₹300 crore capex for facility enhancements at its Vizianagaram plant premises. This investment is designated for both the installation of a waste heat recovery power plant and the expansion of the mineral wool manufacturing facility.
This move underscores the company's commitment to green initiatives through process modernization and capacity augmentation in its existing operations.
SARDAEN Stock Price Movement
On Friday, shares of Sarda Energy & Minerals Limited slipped by 0.49%, closing at ₹502.25 after trading activity settled on the stock. The equity saw a volume of 131,350 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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