India: Sarda Energy’s pellet output remains largely stable y-o-y in 9MFY24

  • Sarda Energy and Minerals Limited (SEML), one of India’s leading integrated steel producers, recorded pellet production at 615,000 t in 9MFY24, largely stable y-o-y from 612,000 t in 9MFY23.
  • Pellet sales fell marginally by 1% to 389,000 t in 9MFY24 as against 394,000 t in the same period last year.
  • Meanwhile, pellet output increased by 37% to 224,000 t in Q3FY24 as against 164,000 t in Q2FY24.