SHERA Group Expands Global Footprint with Zambian Copper Facility Acquisition
Shera Energy, an industrial sector player, has acquired a copper facility in Zambia, marking a significant step in its global expansion strategy. This move aims to diversify the company's portfolio, access Zambia's copper industry, potentially increase production capacity, and strengthen its position in global supply chains. The acquisition signals growing interest from Indian companies in African mining assets and may reflect a trend of vertical integration among industrial conglomerates.
28May 25
Shera Energy Reports Strong Revenue Growth in H2, Net Profit Surges
Shera Energy announced impressive H2 financial results, with revenue increasing 36.73% to ₹6.70 billion and net profit rising 50% to ₹102.00 million. EBITDA grew 13.16% to ₹301.00 million. However, EBITDA margin decreased from 5.43% to 4.49%, indicating some pressure on profitability despite overall growth.
03Apr 25
Shera Energy Reports Impressive 46% Sales Growth in FY 2023-24
Shera Energy, a key player in the energy sector, has reported a significant increase in its consolidated sales for the fiscal year 2023-24. The company's sales rose to Rs 1,278.00 crore, up from Rs 875.00 crore in the previous year, marking a 46.06% year-over-year growth. This substantial growth underscores Shera Energy's strengthening market position and successful business strategies in the competitive energy industry.