SBL Energy Secures ₹325 Crore Capital Infusion for Expansion

SBL Energy, a prominent mining and industrial explosives manufacturer, has successfully raised ₹325 crore in growth capital. The funding, led by Synergy Capital, India SME Investments, and investor Mukul Mahavir Agrawal, aims to fuel the company’s expansion plans, focusing on enhancing manufacturing capacity within India and introducing innovative products to the market.

Sanjay Choudhari, Director of SBL Energy, expressed optimism about the impact of this financial infusion. He emphasized that the capital injection would play a pivotal role in elevating the company’s capabilities in delivering top-notch products and services. Choudhari highlighted the value SBL Energy brings to its customers and stakeholders, noting that the growth capital underscores the company’s commitment to excellence.

Choudhari further stated, “The next few years look promising for the industry, and the company will capture emerging opportunities.” As the second-largest industrial explosives maker in India with nearly three decades of industry presence, SBL Energy currently holds an impressive 10% market share. The company serves diverse sectors, including mining, infrastructure, and defense, and has also expanded its global footprint by exporting to over 20 countries.