Shera Energy Limited, manufacturer of winding wires and strips made of non-ferrous metals, announced acquisition of Zambian copper cathode facility, marking a key step in global expansion and supply security.
Jun 26, 2025
Shera Energy Limited has acquired a copper cathode manufacturing plant in Zambia through its subsidiary Shera Zambia Limited. Situated in the mineral-rich Copperbelt region near the Democratic Republic of Congo, the plant will produce 99.99% pure copper from local ores, significantly reducing procurement costs and boosting operational efficiency. Initial production capacity is set at 1,200 metric tonnes annually in FY 2025-26, with plans to scale to 5,000 metric tonnes.
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Commenting on the development, Mr. Naseem Shaikh, Chairman and Managing Director of Shera Energy, said, “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. This will also support our growing domestic and export operations, including our entry into new verticals like cables and conductors.”
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Shera also plans further investments to expand the facility and reinforce its international presence, aligning with its long-term strategy for sustainable global growth.
