India's Sarda Energy jumps on being declared preferred bidder for coal mine

Sarda Energy & Minerals

25/11/2024 08:54

** Shares of Sarda Energy & Minerals  SAEM.NS  up 5.9%,
after jumping by 7.5% earlier in the session
    ** Co on Friday said it was declared preferred bidder for
Gare Palma IV/5 coal mine in Raigarh, Chhattisgarh on 25.75%
revenue sharing basis with the state government
    ** Stock up 73% YTD, on track for fifth straight yearly gain

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))