Deals21 Mar 2024, 10:10 pm
Sarda Energy & Minerals Ltd.: Subsidiary Awarded Letter of Intent for Surjagad 1 Iron Ore Block
AI Summary
Sarda Energy & Minerals Ltd. (Sarda) announces that its subsidiary, Natural Resources Energy Pvt. Ltd. (NREPL), has been granted a Letter of Intent for a Composite Licence for the Surjagad 1 Iron Ore Block in Maharashtra, India. Sarda holds a 51% economic interest in NREPL. The area of the block is 1526 hectares.
Key Highlights
- Sarda's subsidiary, NREPL, receives Letter of Intent for Composite Licence
- The licence is for the Surjagad 1 Iron Ore Block in Maharashtra
- The area of the block is 1526 hectares
- Sarda holds a 51% economic interest in NREPL