Sarda Energy & Minerals Ltd. Announces New Real Estate Venture and Hydro Power Acquisition
Sarda Energy & Minerals Ltd. announced several key developments following a board meeting held on April 3, 2026. These include the incorporation of a new company for real estate development and the acquisition of a majority stake in a hydro power company. Additionally, the company appointed a new Executive Director.The company will partner with Chhatisgarh Investment Ltd., a promoter group company, to form a new entity focused on real estate development. Sarda Energy & Minerals Ltd. will hold a 50% stake in the venture. The company anticipates the partnership will improve the realization from its investment properties. An estimated investment of ₹ 25 crore is planned for the new company.
Furthermore, through its wholly-owned subsidiary, Sarda Energy Limited (SEL), the company is acquiring a majority stake in Adishankar Khuitam Power Pvt. Ltd. (AKPPL). AKPPL holds rights to develop a 66 MW hydro power plant in Arunachal Pradesh. The acquisition will add 66 MW to the group's portfolio of green energy generation. The government of Arunachal Pradesh has approved the acquisition. The cost of the acquisition is valued at an enterprise value of ₹ 25 crore, subject to adjustments, and completion is expected immediately upon execution of required agreements and achievement of pre-conditions. AKPPL was incorporated in 2010 and has secured significant approvals and land for the hydropower project.
| Particulars | Details |
|---|---|
| Name of Entity | Adishankar Khuitam Power Pvt. Ltd. (AKPPL) |
| Industry | Hydro Power |
| Object and impact of acquisition | To increase the portfolio of green energy generation of the group. |
| Details of government / regulatory approvals | Approval of Government of Arunachal Pradesh is received. |
| Time period for completion of acquisition | Immediate on execution of required agreement and subject to achievement of pre-conditions. |
| Mode of payment | Cash |
| Cost of acquisition | Enterprise value of ₹ 25 crores subject to adjustments. |
| %Control acquired | Majority. Acquisition of control is subject to achievement of pre-conditions agreed upon between the SEL and AKPPL. |
| Background of entity | AKPPL has got concession from state of Arunachal Pradesh for execution and operation of 66 MWHydropower project. |
In addition to these corporate developments, Sarda Energy & Minerals Ltd. appointed Mr. Partha Sarthi Dutta Gupta as Executive Director - Power & Corporate Affairs, effective April 3, 2026. Mr. Dutta Gupta brings approximately 46 years of experience in the power sector, including 28 years with NTPC.
The board meeting commenced at 11:45 a.m. and concluded at 1:15 p.m.
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