The Board of Directors of Sarda Metals & Alloys, a wholly-owned subsidiary of Sarda Energy & Minerals, has approved capacity expansion at Visakhapatnam plant.
It has approved expansion project of Ferro Alloys by way of adding one more furnace of 36 MVA (with capacity addition of 50,000 tpa) at its existing facility located at Vizianagaram district, near Visakhapatnam in Andhra Pradesh.
The estimated cost of the project is Rs 135 crore. The project is expected to be operational before the end of FY23.