SBL Energy Raises Rs 325 Crore Equity Capital
By Rediff Money Desk, MUMBAI Feb 26, 2024 16:28
SBL Energy, a leading mining and industrial explosives manufacturer, has raised Rs 325 crore from Synergy Capital, India SME Investments, and others to expand its manufacturing capacity and launch new products.
Mumbai, Feb 26 (PTI) Raipur-based SBL Energy -- a mining/industrial explosives manufacturer -- on Monday said it has raised Rs 325 crore of growth capital from Synergy Capital, India SME Investments and a few others.
The company said it will deploy the funds to expand its manufacturing capacity and launch new products.
Another investor is equity market player Mukul Agrawal, the statement said, without giving a break-up of how much each of these investors chipped in with.
SBL Energy -- the second largest industrial explosives manufactures in the country -- has been in operation for almost three decades and commands around 10 per cent market share, it said in a statement.
While SBL caters to the mining and infrastructure sectors, it is also making inroads into the defence sector now, Sanjay Choudhari, a director at SBL, said.
The company said it will deploy the funds to expand its manufacturing capacity and launch new products.
Another investor is equity market player Mukul Agrawal, the statement said, without giving a break-up of how much each of these investors chipped in with.
SBL Energy -- the second largest industrial explosives manufactures in the country -- has been in operation for almost three decades and commands around 10 per cent market share, it said in a statement.
While SBL caters to the mining and infrastructure sectors, it is also making inroads into the defence sector now, Sanjay Choudhari, a director at SBL, said.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.74 (+ 2.62)
- 84886833
- Srestha Finvest
- 2.24 (+ 4.67)
- 34707853
- Ola Electric Mobilit
- 132.76 (+ 19.99)
- 27685743
- Suzlon Energy Ltd.
- 79.93 (+ 4.10)
- 27308498
- IFL Enterprises
- 1.22 (+ 4.27)
- 24757806
MORE NEWS
![Sebi Eases...](https://im.rediff.com/80-80/money/2024/aug/10sebi1.jpg)
Sebi Eases Compliance for Listed NCDs - New...
Sebi proposes amendments to simplify compliance requirements for entities with listed...
![Chandrasekaran:...](https://im.rediff.com/80-80/news/2018/jan/04modi.jpg)
Chandrasekaran: Learn From Indian Wisdom &...
Tata Group Chairman N Chandrasekaran emphasizes the importance of learning from Indian...
JSW Cement Files IPO Papers to Raise Rs 4,000...
JSW Cement has filed draft papers with Sebi for an IPO to raise Rs 4,000 crore. The IPO...