Sarda Energy arm approves ₹300 crore capex plan

Sarda Metals & Alloys, wholly owned subsidiary of Sarda Energy & Minerals, has approved a ₹300 crore capital expenditure for a waste heat recovery power plant and mineral wool expansion at its Vizianagaram facility. The green initiative aims to boost efficiency. Separately, the company expects to be debt-free by June, with strong Q1 performance anticipated on higher power demand and better exchange realizations.