Sarda Energy & Minerals Ltd. (SEML) witnessed a 3% jump in its share price following the successful completion of its Mineral Fibre manufacturing project. The company, under its wholly-owned subsidiary, Sarda Metals & Alloys Ltd., began production on March 28, 2025, marking a major milestone in its expansion efforts.
Previously announced on January 24, 2024, this project signifies SEML’s commitment to innovation and sustainable growth in the mineral sector. The newly operational facility is set to significantly boost the company’s product portfolio, catering to the rising demand for high-quality mineral fibre in various industrial applications, including construction, automotive, and insulation industries.
In the exchange filing, the company shared, “Sarda Metals & Alloys Ltd., a material Wholly Owned Subsidiary of the Company, is setting up a new project for manufacturing Mineral Fibre. We are happy to inform that the said project of Sarda Metals & Alloys Ltd. has been completed and the project has commenced production in the late hours on 28th March 2025.”
Sarda Energy & Minerals Ltd. opened at ₹516.00 today, reaching a high of ₹539.95 and a low of ₹515.05. With a 52-week high of ₹563.45 and a low of ₹201.00, the stock has shown significant volatility over the past year.
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