Will Sarda Energy hit second consecutive upper circuit on Thursday? Know why it can! - Dalal Street Investment Journal

Sarda Energy & Minerals Limited (SEML), incorporated in 1973, is the flagship company of Sarda Group. The company manufacturers and is an exporter of niche grade manganese-based ferroalloys.

Sarda Energy & Minerals Limited (SEML), incorporated in 1973, is the flagship company of Sarda Group. The company manufacturers and is an exporter of niche grade manganese-based ferroalloys.

SEML differentiates itself from its peers by not being just another steel company. It foresaw the importance & emergence of energy and minerals as two critical ingredients for developing economies, particularly for India. Synergy in energy became the basis of all its future endeavours. Today, SEML is one of the very few companies to become completely self-sufficient in terms of its energy requirements and is well on its way to achieve self-sufficiency in other mineral resources. The company has acquired iron ore & manganese mines in India and is aggressively looking for mineral resources across the globe.

The latest development is that Chhattisgarh State Electricity Regulatory Commission has approved provisional tariff for the 113 MW Hydropower Project of Madhya Bharat Power Corporation Ltd (a subsidiary of the company). Around 85 per cent of the cost of the project incurred is as per the audited accounts of the company as of March 31, 2021, with a return on equity of 15.5 per cent per annum as per the relevant regulations under the Electricity Act.

The final tariff will be...

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