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Shera Energy Deepens Global Integration with Zambian Copper Facility
Mumbai (Maharashtra) [India], June 23: Shera Energy Limited (NSE Code: SHERA), a prominent manufacturer of winding wires and strips made of non-ferrous metals, announced a significant milestone in its international growth strategy with the acquisition of a running copper cathode manufacturing plant in Zambia. The acquisition, executed through its foreign material subsidiary Shera Zambia Limited, [...]
Mumbai (Maharashtra) [India], June 23: Shera Energy Limited (NSE Code: SHERA), a prominent manufacturer of winding wires and strips made of non-ferrous metals, announced a significant milestone in its international growth strategy with the acquisition of a running copper cathode manufacturing plant in Zambia. The acquisition, executed through its foreign material subsidiary Shera Zambia Limited, marks a major step forward in Shera’s long-term vision of securing reliable raw material sourcing and expanding its global footprint.
Located in Zambia’s resource-rich Copperbelt region near the Democratic Republic of Congo, the plant will produce 99.99% pure copper cathodes from locally sourced copper oxide ores, helping the Company to substantially reduce procurement costs and enhance operational efficiency. With an initial production capacity of 1,200 metric tonnes per annum in FY 2025–26, the Company plans to scale up to 5,000 metric tonnes in the coming years. This initiative aligns with Shera’s broader strategy of backward integration and insulating its business model from commodity price fluctuations.
