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Sarda Energy settles arbitration case initiated by it for 8.50 million euro

05 Mar 2016 Evaluate

Sarda Energy & Minerals has settled out of court, an arbitration case initiated by it against an overseas supplier of plant and machinery for a settlement amount of 8.50 million euro, to be received after compliance of certain formalities.

Sarda Energy & Minerals 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.


Peers
Company Name CMP
JSW Steel 1266.00
Tata Steel 184.70
Steel Authority 174.00
Jindal Stainless 743.45
APL Apollo Tubes 2180.20
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