Sarda Energy & Minerals zoomed 12.39% to Rs 220.05 after the company’s subsidiary joint venture Natural Resources Energy received the letter of intent (LoI) for composite licence for Surjagad-1 iron ore block in the state of Maharashtra.
The aforementioned LoI has been issued by the Industry, Energy, Labour and Mining Department, Government of Maharashtra.
Sarda Energy & Minerals has integrated steel manufacturing unit with facilities, ferro alloys backed by captive thermal power plant and is presently, engaged in metal, mining and power sector. It operates in the hydropower projects through SPVs.
