Sarda Energy & Minerals Limited has informed the Exchange about General Updates
SARDAEN · price
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Sarda Energy & Minerals has been declared the Successful Bidder for the Senduri Coal Mine located in Shahdol and Umaria districts of Madhya Pradesh. The win comes with a 9.50% revenue-sharing arrangement with the State Government. The mine holds total geological reserves of 248.54 million tonnes of G9 (Provisional) grade coal. Necessary agreements will be executed in due course. This marks a significant addition to the company's coal resource base, supporting its energy and minerals business.
This is a positive development for shareholders as it secures a large coal reserve (248.54 MnT) for the company, which can strengthen its long-term raw material security and support future capacity expansion. Investors should watch for execution timelines and capital deployment details as agreements are finalized.