Sarda Energy & Minerals zooms on getting approval for capacity expansion

Sarda Energy & Minerals is currently trading at Rs. 409.20, up by 13.55 points or 3.42% from its previous closing of Rs. 395.65 on the BSE.

The scrip opened at Rs. 400.00 and has touched a high and low of Rs. 416.35 and Rs. 400.00 respectively. So far 34786 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 416.35 on 16-Mar-2021 and a 52 week low of Rs. 97.50 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 416.35 and Rs. 355.85 respectively. The current market cap of the company is Rs. 1477.30 crore.

The promoters holding in the company stood at 72.50%, while Institutions and Non-Institutions held 0.46% and 27.04% respectively.

Sarda Energy & Minerals has received approval from Chhattisgarh Environment Conservation Board, Raipur for ‘Consent to Operate’ the enhanced capacity of its Iron Ore Pellet Plant from existing 6,00,000 MTs p.a. to 8,00,000 MTs p.a. with immediate effect.

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.