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Sarda Energy & Minerals Hong Kong Limited (SEMHL)
Sarda Energy & Minerals Hongkong Ltd, Hongkong (SEMHKL), subsidiary of your company, incorporated in the year 2007 as international trading and investment arm of the company is performing well. During the year 2009-10, it has posted a profit of HK$ 15.21 crores.
Sarda Global Venture Pte Limited
Sarda Global Ventures Pte. Ltd. Singapore (SGV), Sarda Global Ventures Pte. Ltd. Singapore (SGV), a wholly owned subsidiary of your company, was incorporated during the year 2008 in Singapore for global acquisitions. SGV has acquired economic interest in coal mines in Indonesia. The mining is expected to start in 2011. However, the work on development of the mine has been slowed due to frequent changes in the mining law in Indonesia. The Company has deputed dedicated force to ensure the compliances and commencement of mining as per the schedule.
Sarda Metals & Alloys Limited
Sarda Metals & Alloys Limited (SMAL), Sarda Metals & Alloys Limited, has taken up a Greenfield Ferro Alloys plant near Visakhapatnam. 281 acres of land has already been acquired from APIIC. In the first phase, it is putting up a 2 x 33 MVA Furnaces backed by captive thermal power plant of 80 MW capacity. Orders for long delivery items including Turbine, Boiler & Furnaces have been placed. The work for the installation of the plant is progressing as per schedule. The project is expected to be completed in first quarter of financial year 2012-13.
Sarda Energy Limited
Sarda Energy Limited, Sarda Energy Limited, was incorporated as an SPV for taking up the installation and operation of the 1320 MW power plant in Chhattisgarh for which the MOU had been signed by your company. State Govt. has allocated water for the project. Ministry of Environment & Forest, Government of India has cleared Terms of Reference. The company has applied for Long Term Open access for evacuation of the power. The acquisition of land required for the project is in progress.
Parvatiya Power Private Limited
Parvatiya Power Ltd, was incorporated for implementation of hydro power plants. Presently, 4.8 MW Loharkhet Hydro Power Project has been installed and commissioned in February 2008. The Project is located near village Munar of Bageshwar district in the state of Uttaranchal. It is a run-of-the-river scheme for power generation by exploiting potential of Sarju River, a tributary of Kali Ganga River.The project was funded by IDFC and Union Bank of India. The plant is supplying electricity to Uttarakhand Power Corporation Limited. The project is making profit since first year of its operation.
Madhya Bharat Power Corporation Limited
Madhya Bharat Power Corporation Limited is implementing 96 MW Rongnichu Hydro Power Project in East Sikkim on Rongnichu river near Gangtok. The project is close to State Highway NH31A. Financial closure for the project has been achieved. Power Finance Corporation Ltd. is the Lead financial Institution of the Company. Civil construction works is in progress. The contracts for Hydro Mechanical & Electro Mechanical works will be awarded by the end of April 2011 & May 2011. The plant is expected to start commercial operations in financial year 2015.
Chhattisgarh Hydro Power LLP
Chhattisgarh Hydro Power LLP is a Limited Liability Partnership formed under Limited Liability Partnership Act 2008 consequent to conversion of Chhattisgarh Hydro Power Private Limited (CHPPL). CHPPL was incorporated in the year 2005 with main object of implementation of hydro power projects. Mr. K.K. Sarda and Late Mr. Pramod Kumar Agarwal were the promoter directors of this Company. The Company had identified some very promising hydro power project sites in the state of Chhattisgarh. The total potential of the project allotted to the Group in the state of Chhattisgarh is 110 MW. CHPPL was converted into Limited Liability Partnership on September, 17 2010. Mr. K.K. Sarda and Mr. Pankaj Sarda (Nominee of Agriculture Properties Pvt. Ltd.,) are the Designated Partners of the LLP.
Sarda Hydro Power Pvt Ltd.
The Company has been allotted 9MW Ganeshpur Small Hydro Electricity Project and 24MW Kotaiveera Small Hydro Electric Project by Chhattisgarh State Renewable Energy Development Corporation Limited. Your company is in process of obtaining statutory clearances for the projects. Preparation of Detailed Project report is under progress.
Shri Ram Electricity LLP.
Shri Ram Electricity LLP (SRE LLP) was incorporated on 15th October, 2010 as a Limited Liability Partnership under the provisions of Limited Liability Partnership Act, 2008. SRE LLP was incorporated to set up a Special Vehicle Purpose (SPV) to put up Captive Thermal power Plant.
Raipur Infrastructure Company Ltd.
The company operates a private railway siding in Mandhar near the manufacturing facility of the company and other joint venture partners for movement of the goods, which are transported through the railways. The Company has also applied for another private railway siding in Orissa. The in-principal approval from Railways has been received and DPR has been submitted to Railways for approval. The approval of DPR from Railway is under process. For acquisition of private land the administrative approval from Govt. of Orissa for the purpose of 4 (1) Notification under L.A Act has been received. The acquisition of land required for railway siding is in progress. Our stake in the company is 33 percent.
Madanpur South Coal Company Ltd.
The company has been allotted a coal block in Madanpur area of Dist. Korba of Chhattisgarh in consortium. Most of the clearances required have been obtained but in the meanwhile, the MoEF has declared the total Hasdev Arand Area as NO GO AREA and has not considered any proposal of forest clearance. The mine allotted to the company also falls in Hasdeo Arand Area and hence our forest diversion proposal is also not considered. Consequently, the situation has come to a standstill. Efforts are on through various associations to make the MoEF declare the area from NO GO to GO area. The Committee of Ministers constituted by PMO to review the cases of allotted coal blocks in the “NO GO” area has started reviewing the cases. The work would be put on fast track once the forest clearance is received from MoEF. The Company has a 20.63% share for its share of 36 million tonnes of coal in the Joint Venture.
Chhattisgarh Investments Ltd.
Chhattisgarh Investments Ltd. was incorporated two decades ago as a closely held public limited company. The Company has interests in real estate, investments, socio-forestry and horticulture, with over 800 acres agricultural estate at Kharora, about 40 Kms. from Raipur. About one million trees of various species such as Teak, Hybrid Eucalyptus, Sobabul, Khamar, Bamboo etc have been planted.
Chhattisgarh Bricks Private Ltd.
The company has been formed to manufacture fly-ash bricks utilizing fly-ash generated from the company's captive power plant. The company is yet to commence business activity.
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