Sarda Energy stock gained more than 1% today after winning Senduri coal mine

Sarda Energy’s stock closed the day today, 19th August, up by 1.85% at Rs 592. Broader Nifty 50 index ended the day, up by 0.42%. The stock gained on the news that the company has emerged as the winning bidder for Senduri Coal Mine. This coal mine is located across Umaria and Shahdol districts in Madhya Pradesh.

The bid also includes a revenue sharing structure, where Sarda Energy will share 9.50% of the total revenue generated from the mines with the government of Madhya Pradesh. The coal mine is expected to have 248.54 MnT of G9 (provisional) grade of coal.

This comes after Sarda Energy’s previous announcement a month ago, where it said that it is considering expanding its upcoming power project to 800 MW, from the previously planned 600 MW.

The company now has land and other basic infrastructure, but is securing environmental and other approvals needed to start the operations in the coal mine. As per the company’s director PK Jain, it will take the company approximately 2.5-3 years to complete the project. The completion depends on the delivery timelines and the final capacity.

Sarda Energy & Minerals reported a  growth of 76% in its topline in the June quarter, totalling to ₹1,633.1. The company’s EBITDA also increased significantly by 137% to ₹617.19 crore year-on-year. Its consolidated PAT increased to ₹437 crore in Q1FY26, which was ₹137 crore in the same period a year ago.

If the company executes the projects well, it can successfully lower input costs and can also improve its operational efficiency going forward.