Shera Energy Ventures into Zambia with Inauguration of Shera Zambia Limited

With an initial investment of approximately ₹ 10 crore, the company has already secured supply orders worth ₹ 5 crores in Zambia. Shera Zambia Limited plans to utilize Zambia’s abundant copper, lead, zinc, and cobalt for electric vehicle batteries. The company will add value locally and export to India, creating a mutually beneficial supply chain. Actively participating in infrastructure projects, Shera Zambia demonstrates commitment to sustainable practices through its mining lease application.

Shera Energy Limited has disinvested ₹11 crore to fund the ₹10 crore investment in Shera Zambia Limited, holding a 98% capital stake. The remaining two percent is owned by the promoter group. This move marks a significant step in Shera Energy Limited’s international expansion, contributing to the economic development of Zambia and the broader Central African region.

Mr. Naseem Shaikh, Chairman and Managing Director, Shera Energy Limited, said “We’re thrilled to announce the establishment of SHERA ZAMBIA LIMITED in the rapidly developing country of Zambia. This strategic move aligns with our international growth plans, anticipating a 10 percent increase in production capacity in Jaipur.  

We have conducted a detailed study on the possibilities in Zambia, a country abundant in minerals. Our unit in Zambia will aim to harness these resources by purchasing mineral products from the market, adding value to them, and exporting back to India. 

This move signifies a pivotal step in Shera Energy Limited’s international expansion strategy, reinforcing its commitment to fostering economic development in Zambia while enhancing the company’s global footprint.”

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.