Sarda Energy & Minerals surges on getting consent to establish for expansion of Gare Palma IV/7 Coal Mine
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Sarda Energy & Minerals is currently trading at Rs. 458.00, up by 15.00 points or 3.39% from its previous closing of Rs. 443.00 on the BSE.
The scrip opened at Rs. 450.05 and has touched a high and low of Rs. 467.00 and Rs. 450.05 respectively. So far 60803 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 467.00 on 25-Sep-2024 and a 52 week low of Rs. 180.50 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 467.00 and Rs. 399.00 respectively. The current market cap of the company is Rs. 15973.44 crore.
The promoters holding in the company stood at 72.64%, while Institutions and Non-Institutions held 6.24% and 21.11% respectively.
Sarda Energy & Minerals has received Consent to Establish cum Consent to Operate under Water (Prevention and Control of Pollution) Act, 1974 and Air (Prevention and Control of Pollution) Act, 1981 from Chhattisgarh Environment Conservation Board, Raipur for expansion of production capacity of Gare Palma IV/7 Coal Mine (Karwahi Open Cast Coal Mine) of the Company from 1.44 MTPA to 1.68 MTPA.
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.
