
Business Update10 Oct 2026, 03:29 pm
Sarda Energy Subsidiary Declared Preferred Bidder for Mn Ore Block
AI Summary
Sarda Energy & Minerals Ltd. announced that its wholly-owned subsidiary, Sarda Metals & Alloys Limited, has been declared the preferred bidder for the Avagudem Expired Manganese Mining Lease Block in Vizianagaram, Andhra Pradesh. The mining block holds estimated total geological reserves of 0.70 million tons of Manganese Ore. This development is significant for securing raw material supply for the company's operations.
Key Highlights
- Subsidiary declared preferred bidder for Mn Ore block.
- Block located in Vizianagaram, Andhra Pradesh.
- Estimated geological reserves of 0.70 million tons.
- Secures future raw material supply for operations.
Price Impact
More from SARDAEN