Sarda Energy & Minerals commences operations at Gare Palma IV/7 coal mines in Raigarh

15 Dec 2021 Evaluate

Sarda Energy & Minerals has commenced operations at its Gare Palma IV/7 coal mines in Raigarh. The coal from the said mine shall be used for captive consumption as well as commercial sale.

The Coal Washery is also ready for operations. The company has received consent to operate the washery from Chhattisgarh Environment Conservation Board. The vesting order for the mine was issued by the Central Government on March 08, 2021 and the Company has commenced production well before the time upto March 07, 2022 given for commencement of the production. 

Sarda Energy & Minerals (SEML) is one of the lowest cost producers of steel (sponge iron, billets, ingots, TMT bars) and one of the largest manufacturers and exporters of ferro alloys in India.

Sarda Energy&Mineral Share Price

424.15 -3.50 (-0.82%)
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Peers
Company Name CMP
Tata Steel 139.30
JSW Steel 941.30
SAIL 112.75
Jindal Stainless 693.95
Jindal Saw 297.25
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