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Sarda Energy & Minerals gets LoA for coal mine operation

23 Feb 2023 Evaluate

The South Eastern Coalfields (SECL) has issued Letter of Acceptance (LoA) to Sarda Energy & Minerals against Company’s bid for the Re-opening, Salvaging, Rehabilitation, Development and Operation of Kalyani Underground Mines, in the state of Chhattisgarh on revenue sharing of 4.5% basis. The necessary agreements shall be executed in due course as per the terms of the LoA.

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&Min. Share Price

581.40 -5.25 (-0.89%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 210.00
JSW Steel 1255.20
SAIL 178.55
Jindal Stainless 766.85
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