Sarda Energy & Minerals shines on incorporating wholly owned subsidiary
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Sarda Energy & Minerals is currently trading at Rs. 1148.00, up by 22.35 points or 1.99% from its previous closing of Rs. 1125.65 on the BSE.
The scrip opened at Rs. 1095.30 and has touched a high and low of Rs. 1148.00 and Rs. 1095.30 respectively. So far 246 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1289.00 on 04-May-2022 and a 52 week low of Rs. 705.40 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1149.95 and Rs. 1095.30 respectively. The current market cap of the company is Rs. 3966.58 crore.
The promoters holding in the company stood at 72.64%, while Institutions and Non-Institutions held 6.20% and 21.16% respectively.
Sarda Energy & Minerals (SEML) has incorporated a wholly owned subsidiary company ‘Kalyani Coal Mining’. The company has incorporated wholly owned subsidiary company on May 2, 2023. Kalyani Coal Mining has been incorporated as a Special Purpose Vehicle for carrying out the Re-Opening, Salvaging, Rehabilitation, Development and Operation of Kalyani Underground Mines, in the state of Chhattisgarh.
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.
