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SARDAEN
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Recent events
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News
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Corporate Actions
Sarda Energy & Minerals Fire Incident Occurred At Unit Of Power Plant At Raigarh
Feb 26 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
FIRE INCIDENT OCCURRED AT UNIT OF POWER PLANT AT RAIGARH
REASON OF FIRE YET TO BE ASCERTAINED
BASED ON PRELIMINARY ASSESSMENT, LOSS TO PROPERTY LIMITED
RESTART OF UNIT MAY TAKE TIME, RESULTING IN LOSS OF PRODUCTION
Source text: [ID:]
Further company coverage: SAEM.NS
(([email protected];))
Feb 26 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
FIRE INCIDENT OCCURRED AT UNIT OF POWER PLANT AT RAIGARH
REASON OF FIRE YET TO BE ASCERTAINED
BASED ON PRELIMINARY ASSESSMENT, LOSS TO PROPERTY LIMITED
RESTART OF UNIT MAY TAKE TIME, RESULTING IN LOSS OF PRODUCTION
Source text: [ID:]
Further company coverage: SAEM.NS
(([email protected];))
Sarda Energy & Minerals Synchronizes 24.9 MW Rehar Hydro Project With Grid
Jan 10 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
SARDA ENERGY & MINERALS - SYNCHRONIZES 24.9 MW REHAR HYDRO PROJECT WITH GRID
Source text: ID:nNSE7QDXST
Further company coverage: SAEM.NS
(([email protected];;))
Jan 10 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
SARDA ENERGY & MINERALS - SYNCHRONIZES 24.9 MW REHAR HYDRO PROJECT WITH GRID
Source text: ID:nNSE7QDXST
Further company coverage: SAEM.NS
(([email protected];;))
India's Sarda Energy jumps on being declared preferred bidder for coal mine
** Shares of Sarda Energy & Minerals SAEM.NS up 5.9%, after jumping by 7.5% earlier in the session
** Co on Friday said it was declared preferred bidder for Gare Palma IV/5 coal mine in Raigarh, Chhattisgarh on 25.75% revenue sharing basis with the state government
** Stock up 73% YTD, on track for fifth straight yearly gain
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Sarda Energy & Minerals SAEM.NS up 5.9%, after jumping by 7.5% earlier in the session
** Co on Friday said it was declared preferred bidder for Gare Palma IV/5 coal mine in Raigarh, Chhattisgarh on 25.75% revenue sharing basis with the state government
** Stock up 73% YTD, on track for fifth straight yearly gain
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
Sarda Energy & Minerals Says Declared Preferred Bidder For Gare Palma Iv/5 Coal Mine In Chhattisgarh
Nov 22 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
SARDA ENERGY & MINERALS - DECLARED PREFERRED BIDDER FOR GARE PALMA IV/5 COAL MINE IN CHHATTISGARH
Source text: ID:nBSE6Nw6sc
Further company coverage: SAEM.NS
(([email protected];))
Nov 22 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
SARDA ENERGY & MINERALS - DECLARED PREFERRED BIDDER FOR GARE PALMA IV/5 COAL MINE IN CHHATTISGARH
Source text: ID:nBSE6Nw6sc
Further company coverage: SAEM.NS
(([email protected];))
India's Sarda Energy gains on getting consent to expand production
** Sarda Energy & Minerals SAEM.NS rises as much as 5.5% to a record high of 466.7 rupees; set for fourth straight session of gains
** Co gets consent from the Chhattisgarh Environment Conservation Board to expand production at its Karwahi open cast coal mine in the state to 1.68 MTPA from 1.44 MTPA
** Stock has been on the rise over the last seven weeks, gaining 61.2% during the period
** SAEM has been above its 50-day, 100-day, and 200-day SMAs since early August
** Stock last up 2.5%, extending YTD gains to ~79%
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected] ;))
** Sarda Energy & Minerals SAEM.NS rises as much as 5.5% to a record high of 466.7 rupees; set for fourth straight session of gains
** Co gets consent from the Chhattisgarh Environment Conservation Board to expand production at its Karwahi open cast coal mine in the state to 1.68 MTPA from 1.44 MTPA
** Stock has been on the rise over the last seven weeks, gaining 61.2% during the period
** SAEM has been above its 50-day, 100-day, and 200-day SMAs since early August
** Stock last up 2.5%, extending YTD gains to ~79%
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected] ;))
Sarda Energy & Minerals Gets Nod To Expand Production Capacity Of Coal Mine
Sept 24 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
GETS CONSENT TO EXPAND PRODUCTION CAPACITY OF GARE PALMA IV/7 COAL MINE
TO EXPAND PRODUCTION CAPACITY OF COAL MINE FROM 1.44 MTPA TO 1.68 MTPA
Source text for Eikon: ID:nNSE4PGQDz
Further company coverage: SAEM.NS
(([email protected];))
Sept 24 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
GETS CONSENT TO EXPAND PRODUCTION CAPACITY OF GARE PALMA IV/7 COAL MINE
TO EXPAND PRODUCTION CAPACITY OF COAL MINE FROM 1.44 MTPA TO 1.68 MTPA
Source text for Eikon: ID:nNSE4PGQDz
Further company coverage: SAEM.NS
(([email protected];))
Sarda Energy & Minerals To Consider Fund Raise
July 16 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
TO CONSIDER FUND RAISE
Further company coverage: SAEM.NS
(([email protected];))
July 16 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
TO CONSIDER FUND RAISE
Further company coverage: SAEM.NS
(([email protected];))
India's Sarda Energy rises after JV unit gets letter of intent
** Shares of Sarda Energy & Minerals SAEM.NS up 11.9% at 218.95 rupees
** Co said its subisidiary JV got letter of intent for composite licence for an iron ore block in the Indian state of Maharashtra
** Stock on track for best day since June 14, 2021, if trend holds
** Stock down 20% so far this year, after four straight yearly gains
(Reporting by Varun Vyas in Bengaluru)
** Shares of Sarda Energy & Minerals SAEM.NS up 11.9% at 218.95 rupees
** Co said its subisidiary JV got letter of intent for composite licence for an iron ore block in the Indian state of Maharashtra
** Stock on track for best day since June 14, 2021, if trend holds
** Stock down 20% so far this year, after four straight yearly gains
(Reporting by Varun Vyas in Bengaluru)
Sarda Energy & Minerals Says Unit Gets Letter Of Intent For Composite Licence By Industry, Energy, Labour, Mining Department
March 21 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
UNIT GETS LETTER OF INTENT FOR COMPOSITE LICENCE BY INDUSTRY, ENERGY, LABOUR, MINING DEPARTMENT
Source text for Eikon: [ID:]
Further company coverage: SAEM.NS
(([email protected];))
March 21 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
UNIT GETS LETTER OF INTENT FOR COMPOSITE LICENCE BY INDUSTRY, ENERGY, LABOUR, MINING DEPARTMENT
Source text for Eikon: [ID:]
Further company coverage: SAEM.NS
(([email protected];))
Sarda Energy & Minerals Incorporates JV Unit Bartunga Coal
March 4 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
INCORPORATED JV UNIT BARTUNGA COAL
CO’S SHARE IN JV IS 67%
Source text for Eikon: ID:nNSEbyrfXG
Further company coverage: SAEM.NS
(([email protected];))
March 4 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
INCORPORATED JV UNIT BARTUNGA COAL
CO’S SHARE IN JV IS 67%
Source text for Eikon: ID:nNSEbyrfXG
Further company coverage: SAEM.NS
(([email protected];))
India's Sarda Energy and Minerals jumps on awarding contract for solar power plant
Corrects to say "has awarded" contract and not "secures contract" in third bullet
** Shares of Sharda Energy and Minerals SAEM.NS rise by as much as 5% to 260.95 rupees
** Posts biggest intraday pct gain since Dec. 13, 2023
** Co has awarded a contract worth 1.50 billion rupees ($18.08 million) to Gensol Engineering to install 50 MW solar power plant in eastern Indian state of Chhattisgarh
** Stock on track for second consecutive session of gains, if trends hold
** Stock has been trading above its 200-day moving average since Dec. 26, 2022.
** Stock gained over 143% in 2023, its best annual gain in five years
($1 = 82.9600 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
Corrects to say "has awarded" contract and not "secures contract" in third bullet
** Shares of Sharda Energy and Minerals SAEM.NS rise by as much as 5% to 260.95 rupees
** Posts biggest intraday pct gain since Dec. 13, 2023
** Co has awarded a contract worth 1.50 billion rupees ($18.08 million) to Gensol Engineering to install 50 MW solar power plant in eastern Indian state of Chhattisgarh
** Stock on track for second consecutive session of gains, if trends hold
** Stock has been trading above its 200-day moving average since Dec. 26, 2022.
** Stock gained over 143% in 2023, its best annual gain in five years
($1 = 82.9600 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
Sarda Energy & Minerals Says Chhattisgarh Environment Conservation Board, Raipur Granted Consent To Operate Enhanced Capacity Of Iron Ore Pellet Plant
Dec 22 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
CHHATTISGARH ENVIRONMENT CONSERVATION BOARD, RAIPUR GRANTED CONSENT TO OPERATE ENHANCED CAPACITY OF IRON ORE PELLET PLANT
GRANT FOR ENHANCED CAPACITY OF IRON ORE PELLET PLANT FROM EXISTING 800,000 TONNES PER ANNUM TO 900,000 TONNES PER ANNUM
Source text for Eikon: ID:nNSE3RPMCR
Further company coverage: SAEM.NS
(([email protected];))
Dec 22 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
CHHATTISGARH ENVIRONMENT CONSERVATION BOARD, RAIPUR GRANTED CONSENT TO OPERATE ENHANCED CAPACITY OF IRON ORE PELLET PLANT
GRANT FOR ENHANCED CAPACITY OF IRON ORE PELLET PLANT FROM EXISTING 800,000 TONNES PER ANNUM TO 900,000 TONNES PER ANNUM
Source text for Eikon: ID:nNSE3RPMCR
Further company coverage: SAEM.NS
(([email protected];))
India's Sarda Energy & Minerals Ltd Sept-Quarter Consol Net Profit Falls
Oct 27 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
INDIA'S SARDA ENERGY & MINERALS LTD SEPT-QUARTER CONSOL NET PROFIT 1.41 BILLION RUPEES VERSUS 1.81 BILLION RUPEES
SARDA ENERGY & MINERALS LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 10.01 BILLION RUPEES VERSUS 9.67 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: SAEM.NS
(([email protected];))
Oct 27 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
INDIA'S SARDA ENERGY & MINERALS LTD SEPT-QUARTER CONSOL NET PROFIT 1.41 BILLION RUPEES VERSUS 1.81 BILLION RUPEES
SARDA ENERGY & MINERALS LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 10.01 BILLION RUPEES VERSUS 9.67 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: SAEM.NS
(([email protected];))
Sarda Energy & Minerals To Consider Raising Funds
July 17 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
TO CONSIDER RAISING FUNDS
Source text for Eikon: ID:nNSERmW4R
Further company coverage: SAEM.NS
(([email protected];;))
July 17 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
TO CONSIDER RAISING FUNDS
Source text for Eikon: ID:nNSERmW4R
Further company coverage: SAEM.NS
(([email protected];;))
India's Sarda Energy up; named successful resolution applicant for SKS Power
** Shares of Sarda Energy Minerals SAEM.NS rise as much as 2.70% to 1,261 rupees
** Uptick after the company engaged in metals, mining and power sectors was declared by the resolution professional of SKS Power Generation as the successful resolution applicant, taking over the assets of SKS Power
** SKS has 600 Mega Watt thermal power capacity in operation with infrastructure to increase capacity to 1,200 MW
** Trading volume is 33,768 shares as of 11:59 a.m. IST, 1.1x the 30-day avg - Refinitiv data
** The moving average convergence divergence (MACD) line has been above the signal line since May 23, suggesting bullish momentum
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of Sarda Energy Minerals SAEM.NS rise as much as 2.70% to 1,261 rupees
** Uptick after the company engaged in metals, mining and power sectors was declared by the resolution professional of SKS Power Generation as the successful resolution applicant, taking over the assets of SKS Power
** SKS has 600 Mega Watt thermal power capacity in operation with infrastructure to increase capacity to 1,200 MW
** Trading volume is 33,768 shares as of 11:59 a.m. IST, 1.1x the 30-day avg - Refinitiv data
** The moving average convergence divergence (MACD) line has been above the signal line since May 23, suggesting bullish momentum
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Sarda Energy & Minerals Gets State Nod For Expansion In Gare Palma IV/7 - Karwahi Open Cast Coal Mine Project
May 26 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
GETS STATE NOD FOR EXPANSION IN GARE PALMA IV/7 - KARWAHI OPEN CAST COAL MINE PROJECT
EXPANSION TO RAISE PRODUCTION CAPACITY FROM 1.2 MTPA TO 1.44 MTPA
Source text for Eikon: ID:nNSE4H3ynP
Further company coverage: SAEM.NS
(([email protected];))
May 26 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
GETS STATE NOD FOR EXPANSION IN GARE PALMA IV/7 - KARWAHI OPEN CAST COAL MINE PROJECT
EXPANSION TO RAISE PRODUCTION CAPACITY FROM 1.2 MTPA TO 1.44 MTPA
Source text for Eikon: ID:nNSE4H3ynP
Further company coverage: SAEM.NS
(([email protected];))
Sarda Energy & Minerals To Consider A Proposal For Sub-Division Of Shares
May 17 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
TO CONSIDER A PROPOSAL FOR SUB-DIVISION OF SHARES
Source text for Eikon: [ID:]
Further company coverage: SAEM.NS
(([email protected];))
May 17 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
TO CONSIDER A PROPOSAL FOR SUB-DIVISION OF SHARES
Source text for Eikon: [ID:]
Further company coverage: SAEM.NS
(([email protected];))
Sarda Energy & Minerals Says Declaration Of Subsidiary JV Company As Preferred Bidder For Commercial Iron Ore Block
May 12 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
DECLARATION OF SUBSIDIARY JV COMPANY AS PREFERRED BIDDER FOR COMMERCIAL IRON ORE BLOCK
PREFERRED BIDDER FOR SURJAGAD 1 IRON ORE BLOCK IN STATE OF MAHARASHTRA
Source text for Eikon: ID:nNSE19Kmhb
Further company coverage: SAEM.NS
(([email protected];))
May 12 (Reuters) - Sarda Energy & Minerals Ltd SAEM.NS:
DECLARATION OF SUBSIDIARY JV COMPANY AS PREFERRED BIDDER FOR COMMERCIAL IRON ORE BLOCK
PREFERRED BIDDER FOR SURJAGAD 1 IRON ORE BLOCK IN STATE OF MAHARASHTRA
Source text for Eikon: ID:nNSE19Kmhb
Further company coverage: SAEM.NS
(([email protected];))
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What does Sarda Energy&Min. do?
Sarda Energy & Minerals Limited is a leading energy and minerals company in India. It specializes in low-cost steel production, ferro alloys manufacturing, and exporting. With its headquarters in Raipur, it merged with Chhattisgarh Electricity Company Limited in 2007.
Who are the competitors of Sarda Energy&Min.?
Sarda Energy&Min. major competitors are Gallantt Ispat, Usha Martin, Shyam Metalics&Ener, Lloyds Enterprises, Mishra Dhatu Nigam, Sunflag Iron & Steel, Kalyani Steels. Market Cap of Sarda Energy&Min. is ₹17,850 Crs. While the median market cap of its peers are ₹6,981 Crs.
Is Sarda Energy&Min. financially stable compared to its competitors?
Sarda Energy&Min. seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Sarda Energy&Min. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Sarda Energy&Min. latest dividend payout ratio is 6.74% and 3yr average dividend payout ratio is 6.29%
How has Sarda Energy&Min. allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Sarda Energy&Min. balance sheet?
Balance sheet of Sarda Energy&Min. is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Sarda Energy&Min. improving?
The profit is oscillating. The profit of Sarda Energy&Min. is ₹663 Crs for TTM, ₹523 Crs for Mar 2024 and ₹602 Crs for Mar 2023.
Is the debt of Sarda Energy&Min. increasing or decreasing?
Yes, The debt of Sarda Energy&Min. is increasing. Latest debt of Sarda Energy&Min. is ₹1,771 Crs as of Sep-24. This is greater than Mar-24 when it was -₹168.78 Crs.
Is Sarda Energy&Min. stock expensive?
Yes, Sarda Energy&Min. is expensive. Latest PE of Sarda Energy&Min. is 26.02, while 3 year average PE is 10.76. Also latest EV/EBITDA of Sarda Energy&Min. is 17.53 while 3yr average is 8.13.
Has the share price of Sarda Energy&Min. grown faster than its competition?
Sarda Energy&Min. has given better returns compared to its competitors. Sarda Energy&Min. has grown at ~56.9% over the last 3yrs while peers have grown at a median rate of 32.95%
Is the promoter bullish about Sarda Energy&Min.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Sarda Energy&Min. is 73.16% and last quarter promoter holding is 73.16%.
Are mutual funds buying/selling Sarda Energy&Min.?
The mutual fund holding of Sarda Energy&Min. is decreasing. The current mutual fund holding in Sarda Energy&Min. is 0.52% while previous quarter holding is 0.68%.