Sarda Energy & Minerals Ltd's consortium receives LOA from South Eastern Coalfields Ltd

South Eastern Coalfields Ltd. [SECL] has issued Letter of Acceptance [LOA] to a consortium, in which Sarda Energy & Minerals Ltd has 67% share, for Re-opening, Salvaging, Rehabilitation, Development and Operation of Bartunga Hill high grade Coal mine on 18% revenue to be shared with SECL. The mine shall be operated through an SPV to be incorporated for the purpose.
The necessary agreements shall be executed in due course as per the terms of the LOA.

Source : Equity Bulls

Keywords

SardaEnergyandMinerals LOA SouthEasternCoalfields