SBL Energy Secures Rs 325 Cr To Propel Expansion Plans
SBL Energy, a leading player in the mining and industrial explosives sector, has recently announced a successful fundraising venture, amassing Rs 325 crore in growth capital.
The financing round, spearheaded by Synergy Capital, India SME Investments, and investor Mukul Mahavir Agrawal, is geared towards facilitating the company's ambitious expansion initiatives.
Sanjay Choudhari, Director at SBL Energy, conveyed optimism regarding the impact of this financial boost. He underscored its pivotal role in enhancing the company's manufacturing capabilities and introducing innovative products to the market, thereby elevating customer satisfaction and stakeholder value. Choudhari affirmed the company's unwavering dedication to excellence, accentuated by this infusion of growth capital.
In further remarks, Choudhari articulated the promising outlook for the industry in the coming years, expressing SBL Energy's readiness to seize emerging opportunities. With nearly three decades of industry presence and a significant market share of 10 per cent, SBL Energy stands as India's second-largest industrial explosives manufacturer.
The company's clientele spans diverse sectors such as mining, infrastructure, and defense, with a notable global footprint encompassing exports to over 20 countries.
