SEML’s sponge iron production declines over 28% y-o-y in H1 FY’21

Sarda Energy registered a sharp rise of 74% in its sponge iron output to 80,000 t during Jul-Sep’20 against 46,000 t in Q1 FY’21. Total output in H1 stood at 125,000 t against 175,000 t during Apr-Sep’19. Sponge iron sales increased 70% to 39,000 t q-o-q.