Shera Energy Limited (NSE: SHERA), a leading Indian manufacturer of non-ferrous winding wires and strips, has announced a significant strategic expansion with the acquisition of a running copper cathode manufacturing facility in Zambia. The move, executed through its wholly-owned subsidiary Shera Zambia Limited, marks a major milestone in the company’s efforts to strengthen its global supply chain and reduce dependence on external raw material sources.
Situated in Zambia’s mineral-rich Copperbelt region near the Democratic Republic of Congo, the newly acquired facility will produce 99.99% pure copper cathodes from locally-sourced copper oxide ores. This backward integration initiative is set to enhance operational efficiency and reduce procurement costs for Shera Energy, which relies heavily on copper as a key raw material.
The plant will have an initial production capacity of 1,200 metric tonnes per annum in FY 2025–26, with plans to scale up to 5,000 metric tonnes annually over the next few years. The move is part of Shera Energy’s broader strategy to mitigate commodity price volatility while securing consistent, high-quality supply of raw materials for its expanding operations in India and abroad.
Commenting on the acquisition, Mr. Naseem Shaikh, Chairman and Managing Director of Shera Energy Limited, stated:
“This strategic acquisition is a major milestone in our international journey. By establishing a direct source of high-purity copper cathodes, we not only enhance our supply chain resilience but also reinforce our commitment to cost-effective and sustainable operations. This development ensures long-term access to critical raw material and reinforces our ability to deliver consistently higher margins. Our Zambia operations, though capital-light initially, are expected to yield substantial returns.”
Mr. Shaikh added that the Zambia facility will support the company’s domestic and export operations, particularly as Shera Energy expands into adjacent product verticals such as cables and conductors.
The company also revealed plans for additional investments in Shera Zambia Limited, aimed at strengthening its copper manufacturing capacities and deepening its global integration. This aligns with Shera’s long-term vision of becoming a vertically integrated, globally competitive player in the non-ferrous metals sector.
With this acquisition, Shera Energy takes a decisive step toward becoming a more self-reliant and globally oriented manufacturer, with an eye on long-term sustainability and margin expansion.
