Nov 30, 2016 11:30 AM IST IST | Source: Moneycontrol.com

Sarda Energy restarts mine operations; shares up 11%

"The operations at the iron ore mine of the company in Dongarbore, which were suspended on March 07, 2016 due to naxal attack, have been restored,” company said in a release.

Moneycontrol Bureau

Share price of Sarda Energy surged 11.6 percent intraday Wednesday as it has restored operations at its iron ore mine.

"The operations at the iron ore mine of the company in Dongarbore, which were suspended on March 07, 2016 due to naxal attack, have been restored,” company said in a release.

The company had reported a net profit of Rs 12.54 crore in the quarter ended September 2016 against Rs 3.58 crore in the same quarter last year.

At 10:58 hrs Sarda Energy and Minerals was quoting at Rs 244.05, up Rs 14.15, or 6.15 percent on the BSE.

Posted by Rakesh Patil
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