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Sarda Energy & Minerals’ arm declared as preferred bidder for Mining Lease Block in Andhra Pradesh

10 Oct 2026 Evaluate

Sarda Energy & Minerals’ wholly owned subsidiary -- Sarda Metals & Alloys has been declared as preferred bidder for Avagudem Expired Manganese Mining Lease Block in District Vizianagaram, Andhra Pradesh. The Mine has estimated total geological reserves of 0.70 million tons of Manganese Ore.

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 1170.80
Tata Steel 173.00
Steel Authority 171.25
Jindal Stainless 708.85
APL Apollo Tubes 2134.70
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