Sarda Energy & Minerals Ltd. (SEML) has approved a series of strategic decisions, including a ₹25 crore investment in a real estate joint venture, acquisition of a majority stake in a hydro power company, and the appointment of a senior executive, following its Board meeting held on April 3, 2026.
The Board has cleared the incorporation of a new company in partnership with Chhattisgarh Investment Ltd., a promoter group entity, for real estate development. SEML will hold a 50% stake in the proposed venture, with an estimated investment of ₹25 crore. The initiative aims to enhance value realization from the company’s existing investment properties through structured development.
In a parallel move to strengthen its renewable energy portfolio, the company has approved the acquisition of a majority stake in Adishankar Khuitam Power Pvt. Ltd. (AKPPL) through its wholly owned subsidiary, Sarda Energy Ltd. The target entity holds rights to develop a 66 MW hydro power project in Arunachal Pradesh. The acquisition, valued at an enterprise value of ₹25 crore (subject to adjustments), will be executed via cash consideration and is contingent upon the fulfillment of agreed preconditions with existing promoters.
AKPPL, incorporated in 2010, has already secured key approvals, including clearance from the Government of Arunachal Pradesh, along with critical land required for the project. The acquisition is expected to immediately enhance SEML’s green energy generation capacity by adding 66 MW to its portfolio.
In a move to strengthen its management, the Board has appointed Mr. Partha Sarthi Dutta Gupta as Executive Director – Power & Corporate Affairs, effective April 3, 2026. He will oversee the company’s thermal power division. With over 46 years of experience in the power sector, including a 28-year tenure at NTPC, Mr. Dutta Gupta has been associated with the group since 2008. Prior to this role, he served as Whole-time Director at Madhya Bharat Power Corporation Ltd., a subsidiary of SEML.