Sarda Energy & Minerals Ltd. has been declared the preferred bidder for the Gare Palma IV/5 coal mine located in the Raigarh district of Chhattisgarh. The company will operate the mine on a 25.75% revenue-sharing basis with the state government.
The mine, which has been graded as G8 (Provisional) for its coal quality, represents a significant opportunity for Sarda Energy & Minerals in the energy sector. The company plans to execute the necessary agreements in due course, marking a major step forward in its expansion and resource acquisition strategy.
This move aligns with the company’s vision to strengthen its presence in the coal and energy sectors while contributing to India’s energy needs.
