India: Sarda reports 30% q-o-q increase in pellet output in Q3 FY’21

Sarda Energy & Minerals achieved pellet output of 193,000 t in Q3 FY’21, up 30% against 148,000 t in Q2 FY’21. The output also picked on yearly basis as compared with 158,000 t in Q3 FY20. However, total pellet sales for the quarter witnessed 31% drop at 98,000 t against Q2 FY21 at 142,000 t. The company’s pellet capacity proposed to increase from 6,00,000 t to 8,00,000t in FY21, company highlighted in its quarterly report.