Deals27 Jan 2024, 09:18 pm
SARDA ENERGY & MINERALS LTD. Wins Coal Mine Operation Contract
AI Summary
SARDA ENERGY & MINERALS LTD., an ISO 9001 and ISO 14001 certified company, has been selected as the successful bidder for the re-opening, salvaging, rehabilitation, development, and operation of the Bartunga Hill high-grade coal mine, in collaboration with the South Eastern Coalfields Ltd. [SECL],
Key Highlights
- Consortium with 67% share in coal mine operation
- Revenue sharing agreement with SECL
- Operation through an SPV to be incorporated
- High-grade coal mine with 18% revenue share