Shera Energy Powers Up Ethiopia: $1M Investment to Energize East Africa

Shera Energy Ltd, a leading manufacturer of winding wires and strips primarily from non-ferrous metals, has announced plans to invest up to $1 million in a new unit in Ethiopia. This move marks a significant step in Shera's international expansion, targeting the East African market to meet growing regional demand and strengthen its global footprint.

 

Investment and Expansion

Shera Energy Ltd plans to invest up to $1 million to establish a production unit in Ethiopia aimed at manufacturing winding wires and related products.

 

The investment aligns with Shera’s broader strategy to expand globally, including existing operations in Zambia and subsidiaries in India.

 

Product and Market Focus

The Ethiopian unit will focus on producing winding wires critical for transformers, motors, and electrical systems, bolstering local supply chains and reducing import dependence.

 

The move is targeted at tapping into the growing infrastructure and industrial development needs in Ethiopia and neighboring East African countries.

 

Growth & Financial Performance

Shera Energy has demonstrated robust financial growth, with FY '25 revenue exceeding INR 1279 crore, up nearly 46% year-on-year.

 

The company’s strategy includes backward and forward integration, enhancing production capacity and operational efficiency to support global initiatives.

 

Strategic Vision

The establishment in Ethiopia is part of Shera's commitment to strengthening its international presence while supporting sustainable industrial growth in emerging markets.

 

Shera Energy continues to invest in new technologies, ESG initiatives like solar power, and expanding production capabilities across subsidiaries.

 

Sources: Shera Energy Ltd Investor Presentation NSE Corporate Announcement, Shera Energy Ltd Official Website