Sarda Energy & Minerals Ltd (SEML) has emerged as the successful bidder for the Senduri Coal Mine, marking a significant expansion in its mining operations. The company announced this development in a filing to the stock exchanges, highlighting its strategic move to secure a substantial coal reserve in Madhya Pradesh.

Key Details of the Bid

• Mine Location: Shahdol and Umaria districts, Madhya Pradesh
• Revenue Sharing: 9.50% agreement with the State Government
• Coal Reserves: 248.54 million tonnes of G9 (Provisional) grade coal

Strategic Implications

The acquisition of the Senduri Coal Mine represents a major step for Sarda Energy & Minerals in strengthening its position in the coal mining sector. With total geological reserves of 248.54 million tonnes, this G9 grade coal mine offers SEML a significant long-term resource base.

Next Steps

According to the company's statement, the necessary agreements for the Senduri Coal Mine will be executed in due course. This process will formalize SEML's rights and obligations regarding the mine's operation and revenue sharing with the Madhya Pradesh government.

Company's Recent Activities

In addition to this significant mining development, Sarda Energy & Minerals has also been actively engaging with the investment community. The company recently announced its participation in the upcoming Elara Capital Investor Conference - Ashwamedh 2025, scheduled for September 3, 2025. This engagement demonstrates SEML's commitment to maintaining open communication with investors and analysts.

Conclusion

The successful bid for the Senduri Coal Mine underscores Sarda Energy & Minerals' ambitious growth strategy in the coal mining sector. As the company moves forward with executing the necessary agreements, stakeholders will be keenly watching how this new asset contributes to SEML's overall performance and market position in the coming years.

Sarda Energy & Minerals Limited , an integrated steel, power, and mining company, has reported stellar financial results for the first quarter, showcasing significant growth across key metrics.

Record-Breaking Revenue and Profit

The company achieved a consolidated revenue of INR 1,633.00 crores in Q1, marking a substantial 76% year-over-year increase and a 32% quarter-over-quarter growth. This remarkable performance was driven by improved energy prices and higher hydropower generation.

Operating EBITDA surged to INR 627.00 crores, up from INR 382.00 crores in the previous year, while consolidated profit after tax witnessed an impressive 118% growth, reaching INR 435.00 crores.

Operational Highlights

Sarda Energy & Minerals saw improvements across various segments:

• Hydropower generation increased by 37% year-over-year
• The thermal power plant achieved a significantly improved plant load factor of 90.21%, compared to 71.65% in the same quarter of the previous fiscal year
• The pellet plant and captive power plant reported record production levels

Strategic Moves and Expansion

The company made several strategic decisions and progress on expansion projects:

• Terminated the long-term power purchase agreement with CSPDCL for the 113-megawatt hydropower project, allowing for open market power sales
• Commissioned the 25 MW Rehar Hydropower project on July 8
• Expects to complete a 50 MW solar project in the current fiscal year
• Plans annual capital expenditure of INR 500.00-1000.00 crores for the next 2-3 years

Financial Position

Sarda Energy & Minerals has strengthened its balance sheet:

• Reduced net consolidated debt to approximately INR 1,000.00 crores from INR 1,600.00 crores
• Maintained strong liquidity with INR 1,700.00 crores in cash and liquid investments

Power Segment Outlook

Management projects power segment EBITDA of over INR 1,000.00 crores for the current fiscal year, indicating strong confidence in this business vertical.

Coal Mining Progress

The company received consent to operate for increased capacity of coal washery from 0.96 million tons to 1.80 million tons in May. Final approval for increasing coal mining capacity from 1.68 million tons is expected in the current quarter.

Pankaj Sarda, Managing Director of Sarda Energy & Minerals Limited, commented on the results, stating, "Q1 performance reinforces the strong foundation and long-term sustainability of our earnings. The earnings mix has evolved with an increasing share of energy business in the total earnings."

With its diversified portfolio and strategic expansions, Sarda Energy & Minerals Limited appears well-positioned for continued growth in the coming quarters.