Sarda Energy spurts on declaring as preferred bidder by Chhattisgarh Govt

25 Nov 2024

Sarda Energy spurts on declaring as preferred bidder by Chhattisgarh Govt

The company will operate the mine on a revenue-sharing model with the state government, set at 25.75%.

The mine has G8 (Provisional) grade of coal. The company stated that the necessary agreements will be finalized in the near future.

Sarda Energy & Minerals (SEML) is an energy and minerals company with operational iron ore and coal mines in Chhattisgarh and thermal and hydropower generation plants in different locations across India, with a growing portfolio of assets.

The company has reported 36% jump in consolidated net profit to Rs 203 crore on a 16% increase in revenue from operations to Rs 1,159 crore in Q2 FY25 as compared with Q2 FY24.

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