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.
