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Sarda Energy & Minerals incorporates Joint Venture subsidiary

04 Mar 2024 Evaluate

Sarda Energy & Minerals (SEML) has incorporated a Joint Venture subsidiary company ‘Bartunga Coal’ (BCPL). BCPL has been incorporated as a Special Purpose Vehicle for carrying out the Re-opening, Salvaging, Rehabilitation, Development and Operation of Bartunga Hill Coal Mine of South Eastern Coalfileds. BCPL is yet to commence its business operations.

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.

Peers
Company Name CMP
JSW Steel 1173.00
Tata Steel 173.60
Steel Authority 171.40
Jindal Stainless 713.65
APL Apollo Tubes 2159.90
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