Sarda Energy & Minerals Ltd announces temporary suspension of Mining Operations at iron ore mines

Due to some deficiencies / deviation from mining plan observed by the Indian Bureau of Mines, Sarda Energy & Minerals Ltd has been ordered to suspend mining operation pending rectification of deficiency / deviation.

The company expects to rectify the deficiency / deviation within a week or so. It will not have material impact on operation.

Shares of Sarda Energy & Minerals Limited was last trading in BSE at Rs. 1043.60 as compared to the previous close of Rs. 1032.25. The total number of shares traded during the day was 1993 in over 275 trades.

The stock hit an intraday high of Rs. 1054.00 and intraday low of 1018.35. The net turnover during the day was Rs. 2074606.00.

Source : Equity Bulls

Keywords

SardaEnergyandMinerals INE385C01013 Deviation MiningPlan TemporarySuspension MiningOperations IronOreMines