Sarda Energy & Minerals’ Wholly Owned Subsidiary -- Sarda Metals & Alloys has received approval for setting up/incorporation of a Wholly Owned Subsidiary in Dubai, United Arab Emirates (UAE). The entity to be incorporated shall be a stepdown wholly owned subsidiary of the company.
The new entity will expand company's business footprints in the Middle East region and leverage global market opportunities. The Board of Directors of Sarda Metals & Alloys in its meeting held on October 17, 2026, approved the same.
Sarda Energy & Minerals 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.