Sarda Metals & Alloys Limited, a wholly owned subsidiary is operating 102 MVA Ferro Alloys Furnaces backed by 80 MW captive thermal power plant near Vizag port to cater mainly to export market. The Company is a Three Star Export House. The company enjoys long term rating of A/Stable and short-term rating of A1 from CRISIL. During 2023-24, the company was able to achieve PLF of 89.15% against PLF
of 64.60% in 2022-23 and the ferro alloys production increased to 1,14,412 MTs (silico and ferro manganese) in 2023-24 as compared to 79,185 MTs in 2022-23. Power Generation in 2023-24 increased to 626.45 MUs as compared to 452.71 MUs in 2022-23.
During 2023-24, the company exported 1,03,534 MTs (including trading export of 878 MTs) ferro alloys valued ₹ 785.42 crore against 76,242 MTs (including trading export of 3,476 MTs) in 2022-23 valued ₹ 772.27 crore. During 2023-24, the company reported a net profit of ₹ 10.66 crore as against loss of ₹ 19.13 crore in 2022-23.
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