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Sarda Energy & Minerals to raise funds up to Rs 1,000 crore

05 Aug 2019 Evaluate

Sarda Energy & Minerals has received an approval for raising of funds up to an amount not exceeding Rs 1,000 crore through equity/equity related instruments. The Board of Directors of the company at their meeting held on August 03, 2019, approved the same.

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 1173.90
Tata Steel 173.45
Steel Authority 172.10
Jindal Stainless 717.00
APL Apollo Tubes 2161.00
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