Sarda Energy & Minerals’ subsidiary Joint Venture Company -- Natural Resources Energy (NREPL) has received Letter of Intent for Composite Licence from Industry, Energy, Labour and Mining Department, Government of Maharashtra, for Surjagad 1 Iron Ore Block in the state of Maharashtra for iron ore for an area of 1526 hectare. The company has 51% economic interest in Natural Resources Energy.
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.
