Sarda Energy & Minerals Ltd commences operations at Gare Palma IV/7 coal mine at Raigarh

After having received all required approvals, Sarda Energy & Minerals Ltd. has commenced operations at its Gare Palma IV/7 coal mines at Raigarh. The coal from the said mine shall be used for captive consumption as well as commercial sale.

The Coal Washery is also ready for operations. The company has received consent to operate the washery from Chhattisgarh Environment Conservation Board.

The vesting order for the mine was issued by the Central Government on 8th March 2021 and the Company has commenced production well before the time upto 7 March 2022 given for commencement of the production.

Shares of Sarda Energy & Minerals Limited was last trading in BSE at Rs. 767.20 as compared to the previous close of Rs. 764.20. The total number of shares traded during the day was 1805 in over 279 trades.

The stock hit an intraday high of Rs. 773.05 and intraday low of 756.00. The net turnover during the day was Rs. 1382877.00.

Source : Equity Bulls

Keywords

SardaEnergyandMinerals INE385C01013 GarePalmaIV7 CoalMine Raigarh CaptiveConsumption CommercialSale