Sarda Energy & Minerals Ltd
Asit Kumar Basu was born on 24th August 1949 and has done BME. He was EX-Chief General Manager at Industrial Development Bank of India (IDBI). With his rich experience of over forty years in the field of finance he provides his expertise to the Board on financial matters related to the Company.
Mr. Basu is a Board Member since January 2003 and also a member of the Audit Committee and Remuneration Committee at SEML.
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Sarda Energy & Minerals Ltd
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Sarda Energy & Minerals Limited is a producer of steel and ferro alloys. The Company is engaged in the manufacturing and selling of pellets, sponge iron, steel billets, wire rod, wire and ferro alloys from its plant located at Raipur, Chhattisgarh. Its segments include Steel, Ferro and Power. It produces sponge iron for its own captive use to produce steel ingots and billets through induction furnace route. It produces and exports manganese-based ferro alloys with exports to 60 countries. Ferro alloys are produced in sub-merged arc furnaces using electro-thermic process. It manufactures bricks mainly from the fly-ash generated from its captive power plant. The Company operates an 81.5 megawatt (MW) thermal power plant at its Siltara plant. The energy generated is used in its sponge iron, billet, ingot and ferro alloys plants. The Company produces pellets from iron ore fines using grate-kiln technology. The pellets are used in house for production of direct reduced iron (DRI).