Sarda Energy and Mineral

Sarda Energy & Minerals Limited is an India-based company. The Company is principally engaged in trading of mineral resources. It is a producer of steel (sponge iron, ingots, billets and TMT bars). Sarda Energy & Minerals Limited is also a manufacturer cum exporter of manganese alloys in India. Revenues from the steel division (sponge iron, ingots, billets and TMT bars) accounted for 50.82% of the Company’s total revenues during the fiscal year ended March 31, 2008 (fiscal 2008). During fiscal 2008, the Company incorporated a wholly owned subsidiary in Hong Kong in the name and style of Sarda Energy & Minerals Hong Kong Limited (SEMHL). (Source: ARS)