India: Sarda Energy’s pellet production remains largely stable y-o-y in FY’24

  • Sarda Energy and Minerals Limited (SEML), one of India’s leading integrated steel producers, recorded pellet production at 810,000 t in FY24, higher by 1% y-o-y from 800,000 t in FY23.
  • Pellet sales inched down by 1% to 517,000 t in FY24 as against 522,000 t in the same period last year.
  • However, pellet output decreased by 13% to 195,000 t in Q4FY24 as against 224,000 t in Q3FY24.