Sarda Energy & Minerals

Sarda Energy up 7% on emerging preferred bidder for coal mine in Raigarh

The rally in Sarda Energy & Minerals share price came after the company announced that it has been declared as Preferred Bidder for Gare Palma IV/5 coal mine in District Raigarh, Chhattisgarh

Sarda Energy and Minerals, SM Steels bag coal mines on day 2 of auction

These two coal blocks upon operationalisation will generate annual revenue of Rs 339.06 crore calculated at peak rated capacity (PRC) of these mines

Torrent Pharmaceuticals promoters sell 3% stake, raise Rs 3,087 crore

Torrent Group was actively pursuing the acquisition of Cipla and JB Chemicals and Pharmaceuticals but ultimately withdrew due to high valuations demanded by the sellers

NCLAT okays Sarda Energy's Rs 1,950 crore bid for SKS Power Generation

It stated that, according to the Supreme Court, there should be minimal interference in the commercial decision of the committee of creditors

Sarda Energy hits record high on securing nod to expand coal production

The rally in Sarda Energy share price came after the company announced that it has secured Chhattisgarh Environment Conservation Board nod to expand coal production from 1.44 MTPA to 1.68 MTPA.

SKS Power insolvency: CoC receive 1,950 cr from Sarda Energy and Mining

The lenders of SKS Power Generation have received an upfront payment of Rs 1,950 crore from Sarda Energy and Mining, the successful bidder for the debt-ridden thermal power producer, the insolvency appellate tribunal NCLAT was informed on Tuesday. Moreover, allegations of "malafide" intention or aligning towards any party while approving the resolution plan from Sarda Energy were also rejected during the proceedings of the NCLAT by senior advocate Mukul Rohatahi, representing the lenders. A proper evaluation was made based on the earlier direction given by the NCLAT in this matter and a "clear decision was made" by the Committee of Creditors (CoC) of SKS Power Generation. "There is no case of malafide and we are not aligning to one party or the other. We have taken a call based on the commercial decision," he said. Torrent Power and Singapore-based Vantage Point Asset Management Pte, which were also in the race to acquire SKS Power Generation, have challenged the NCLT order, approv

Torrent Power moves NCLAT against Sarda Energy's bid approval for SKS Power

Torrent power has moved the appellate tribunal NCLAT against the approval of Sarda Energy and Mining's resolution plan for the debt-ridden SKS Power Generation. Earlier on August 13, the Mumbai-based bench of the National Company Law Tribunal (NCLT), while approving Sarda Energy and Mining's (SEML) bid, had rejected applications, including of Torrent Power, to acquire SKS Power Generation (Chhattisgarh). Torrent Power had raised objections over the selection process, terming it to be discriminatory, and contended that it has proposed the highest upfront payment. The Torrent group firm also sought a copy of the approved plan, which was rejected by the NCLT. The order has now been challenged by Torrent Power before the Delhi-based bench of the National Company Law Appellate Tribunal (NCLAT). Torrent Power's petition is scheduled for hearing on Tuesday before a three-member bench of the NCLAT headed by its Chairperson Justice Ashok Bhushan. Corporate Insolvency Resolution Process (CI

NCLT gives nod to Sarda Energy's acquisition of SKS Power for Rs 2,200 cr

SKS owns a 600-MW power plant in Chhattisgarh, which is currently being run by NTPC

Iron & steel stocks rally up to 11% on strong March quarter results

Surya Roshni, Gallantt Ispat, Sarda Energy & Minerals, Welspun Corp and Vardhman Special Steels (VSSL) have surged between 5 per cent and 11 per cent in Thursday's intra-day trade

Sarda Energy zooms 14% as JV bags Composite Licence for iron ore block

Natural Resources Energy Pvt. Ltd. - a subsidiary Joint Venture company (NREPL), has been awarded the Letter of Intent for Composite Licence for iron ore block in Maharashtra

Sarda Energy hits new high, gains 4% on fixing record date for stock split

Since May 27, the day the Board approved the stock split decision, the stock price of the company has appreciated by 47 per cent

Sarda Energy surges 6%, hits all-time high on healthy earnings outlook

For the October-December quarter (Q3FY22), Sarda Energy reported 46 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 169 crore

Sarda Energy surges on restoration of operations at iron ore mine

The stock was up 8% at Rs 249 on the BSE.