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Incorporated in 1973, Sarda Energy & Minerals Limited (SEML) is the flagship company of Sarda Group and is engaged in the production of steel, ferro alloys and power.
Sarda Energy's subsidiary, Madhya Bharat Power, halted its Sikkim Hydro Power Plant operations due to a transmission tower collapse from heavy rains. The company is assessing damages and restoration time. All resulting losses are covered under insurance.
Sarda Energy & Minerals Limited has informed the Exchange regarding 'Update'.
Sarda Energy's subsidiary, Madhya Bharat Power, had its long-term bank facility credit rating reaffirmed at 'CARE A; Stable' for ₹780.76 Cr. This signifies stable credit quality for its financing.
Sarda Energy & Minerals' wholly-owned subsidiary, Sarda Metals & Alloys, saw its long-term credit rating outlook upgraded to 'Positive' from 'Stable' by CRISIL. Its 'A' rating for ₹659.81 Cr bank facilities was reaffirmed, signaling improved financial standing.
Sarda Energy & Minerals has addressed the recent unusual increase in its stock trading volume. The company stated it has no new material information to disclose, attributing the trading activity purely to market forces. They confirmed full compliance with all public disclosure obligations, assuring investors that no sensitive information has...