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Sarda
Energy & Minerals has clarified on ``consortium comprising
Tata Power Co. and SN Power Norway is in talks to buy a significant stake in hydropower
project in Sikkim from Sarda Energy & Minerals.``
 Sarda Energy & Minerals has clarified that, ``We would
like to inform you that there is no such proposal pending at the board level
for consideration. However, in normal course
of business we receive/ make proposals for
investment in various projects/ opportunities,``
``It is
premature to comment on the news item as there is no concrete proposal at this stage. Further, the company is
regularly exploring the various available
business opportunities. As and when any concrete proposal is placed before the
Board, necessary intimations are given/would be given to the appropriate authorities,`` it added.
Shares of the
company gained Rs 7, or 5.6%, to trade at Rs 132.00. The total volume of shares
traded was 50,406 at the BSE (3.42 p.m., Thursday).
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