Sarda Energy & Minerals Limited (Formerly known as Raipur Alloys & Steel Ltd) was established on June 23, 1976. Led by the Tejpaul Group, the Company has integrated steel manufacturing unit with facilities, ferro alloys backed by captive thermal power plant and is presently, engaged in metal, mining and power sector. It operates in the hydropower projects through SPVs. Later, the name of the Company was changed to Sarda Energy & Minerals Limited from Raipur Alloys & Steel Limited in 2006. The Sanda Group purchased it in 1979 and renamed it Raipur Alloys & Steel in 1985. The Group produces sponge iron, for its captive use to convert it into rolled products for sale. The company came out with an issue of fully convertible deben