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SBL Energy raised Rs 325 crore in February 2024 from Synergy Capital, India SME Investments, and Mukul Agrawal to enhance manufacturing and launch new products. The company aims to lead in industrial explosives and defense sectors, supported by a diverse client base.

Its strategic roadmap includes technology adoption focusing on digital systems, automation, and IoT tools; market expansion into cement and hydropower; and global partnerships leveraging its TNT plant near Nagpur, with an export capacity of 3,000 TPA. The capital raised will support manufacturing scale-up, product innovation, and global outreach.