Sarda Energy & Minerals Terminates Coal Mining Agreement Due to Project Unviability
Sarda Energy & Minerals Ltd announced that South Eastern Coalfields Ltd has approved the termination of an agreement with its subsidiary Kalyani Coal Mining Pvt Ltd for operating Kalyani Underground Coal Mines. The termination was requested due to project unviability caused by mine boundary changes, and the subsidiary is now working to recover its security deposit from the terminated revenue-sharing arrangement.

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Sarda Energy & Minerals Ltd has announced the termination of a significant coal mining agreement involving its wholly owned subsidiary. The company informed stock exchanges on February 5th, 2026, about the approved termination of operations at Kalyani Underground Coal Mines.
Agreement Termination Details
South Eastern Coalfields Ltd (SECL) has approved the request from Kalyani Coal Mining Pvt Ltd (KCMPL), a wholly owned subsidiary of Sarda Energy & Minerals, for termination of their operational agreement. The agreement covered the re-opening, salvaging, rehabilitation, development and operation of Kalyani Underground Coal Mines on a revenue sharing basis.
| Parameter: | Details |
|---|---|
| Requesting Entity: | Kalyani Coal Mining Pvt Ltd (KCMPL) |
| Approving Authority: | South Eastern Coalfields Ltd (SECL) |
| Mine Type: | Underground Coal Mines |
| Operation Basis: | Revenue Sharing |
| Reason for Termination: | Project Unviability |
Reasons for Mine Surrender
The subsidiary requested termination of the agreement to surrender the mine due to project unviability. The primary factor contributing to this decision was a change in mine boundary, which rendered the project economically unfeasible for continued operations.
Financial Recovery Process
Following the agreement termination, KCMPL is actively pursuing the recovery of its financial commitments. The subsidiary is taking necessary steps to secure the release of the security deposit that was provided as part of the original mining agreement with SECL.
Corporate Disclosure
The announcement was made under Regulation 30 of securities regulations, highlighting the material nature of this development for stakeholders. Sarda Energy & Minerals communicated this information to both BSE Ltd and National Stock Exchange of India Ltd, ensuring proper regulatory compliance and transparency with investors.
Historical Stock Returns for Sarda Energy & Minerals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.55% | +9.78% | +1.23% | +0.99% | +17.43% | +1,310.36% |


































