Sarda Metals & Alloys Ltd. (SMAL), a wholly owned subsidiary is operating 2 x 33 MVA Ferro Alloys plant backed by 80 MW captive thermal power plant. During the year, power generation was 488.89 MU as compared to 612.83 MU in the previous year. The ferro alloys production (including Mno Slag) stood at 61,578 MTs as against 49,955 MTs in the previous year. The power generation was lower than previous year because of poor demand and consequent back down by the state distribution companies with whom the company had entered into supply agreement.
However the Company was successful in maintaining the growth rate in exports wherein it has achieved Exports of Rs. 201 crore as against Rs. 119 crore in the PY. The Company has also received Two Star Export House status from Director General of Foreign Trade, Ministry of Commerce & Industry, Government of India. During the year Company reported loss of Rs. 17.74 crores as against loss of Rs. 3.82 crore in P.Y. mainly due to drastic reduction in power offtake by Telangana DISCOM and outage of one of the furnaces of the compnay for almost 3 months. The copmany plans to set-up power intensive industrial unit(s) in steel /ferro alloys for capative consumption of surplus power for long term sustainability.
Nurturing the business is a requisite art -
it shall take it's own course of growth into greatness.
At SMAL, as an enterprise, we lay equal emphasis on people-connecting activities like Sports & Games, Health Awareness Camps, Education Promotion, Social & Cultural activities and more. We believe that such activities and people oriented programs enhance our inter-personal levels of understanding, care and perception towards life. Let's do our bit.
