Sarda Energy & Minerals Ltd. has announced a multi-pronged growth strategy following its board meeting on April 3, 2026. The company is set to enter real estate development through a new joint venture and has secured a majority stake in Adishankar Khuitam Power Pvt. Ltd. to bolster its green energy portfolio. Additionally, the company has appointed industry veteran Mr. Partha Sarthi Dutta Gupta as Executive Director for its Power and Corporate Affairs division.
Strategic Real Estate Entry
In a move to enhance value from its investment properties, the company has approved the incorporation of a new entity in partnership with Chhatisgarh Investment Ltd., a promoter group firm. Sarda Energy will hold a 50% stake in the new company, with an initial investment outlay of ₹25 crore dedicated to real estate development projects.
Expanding Green Energy Footprint
The company is strengthening its renewable energy capacity by acquiring a majority stake in Adishankar Khuitam Power Pvt. Ltd. (AKPPL). This acquisition adds a 66 MW hydro power plant located in Arunachal Pradesh to the group’s portfolio. The deal, valued at an enterprise cost of ₹25 crore, aligns with the company’s long-term objective of scaling its sustainable energy operations.
Leadership Strengthening
The Board of Directors has appointed Mr. Partha Sarthi Dutta Gupta as the Executive Director – Power & Corporate Affairs, effective April 3, 2026. Mr. Dutta Gupta, an engineering graduate with over 46 years of experience in the power sector, will oversee the company’s thermal power division. His deep expertise, including 28 years of tenure at NTPC, is expected to provide strategic leadership as the group continues its expansion efforts.
Source: BSE
