Natural Energy Resources Private Limited, a subsidiary of India’s Sarda Energy and Mineral Limited (SEML), has secured a letter of intent to operate an iron ore block in the western state of Maharashtra, according to a regulatory filing by SEML on Tuesday, March 26.
The letter of intent is a composite licence for the Surjagad I iron ore block spread across 1526 hectares across which mining operations would be covered, the company said.
SEML is an integrated manufacturer of long steel products, with a steel plant located in Raipur in the central state of Chhattisgarh and with production facilities in Raipur and Vizag for various steel products and ferroalloys.