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              The Board of Directors of Sarda Metals & Alloys Ltd., a material Wholly Owned Subsidiary of the Company, in its meeting held on 24th January 2024, has, under its waste to wealth initiative, approved setting up of a new project for manufacturing Mineral Fibre with an estimated outlay of Rs. 70 Crores at the existing plant premises at Vizianagaram. The project is expected to be operational by the end of next financial year.