Sarda Energy & Minerals has deposited Rs 122.69 crore as an additional levy with the Coal Controller, making it eligible for taking part in the coal block allocation. This step has been taken as directed by the Supreme Court vide its order dated September 24, 2014 and in terms of Coal Mines (Special Provisions Ordinance, 2014).
Sarda Energy & Minerals is a midsized, integrated steel and ferro alloys producer with diversification plans into power and natural resources. The company is primarily engaged in the manufacturing and selling of pellets, sponge iron, steel billets, wire rods and ferro alloys from its plant located at Raipur, Chhattisgarh.
