Sarda Energy & Minerals has received update in credit ratings for long term bank facilities of Rs 862.78 crore at CARE A; Stable from CARE A-; Stable. Powered by Capital Market - Live News

Sarda Energy & Minerals reported that a fire incident occurred in one unit of Company`s Independent Power Plant at Binjkot, Raigarh in the evening hours on 25 February 2025. The reason of the fire is yet to be ascertained.The fire was swiftly brought under control. The emergency procedures worked as designed. All personnel working there are safe. Based on preliminary assessment, the loss to the property is limited. Exact loss will be known after opening of the machine.Restart of the unit may take some time which will result in loss of production. The other unit of the power plant is functioning normalPowered by Capital Market - Live News

Net profit of Sarda Energy & Minerals rose 68.45% to Rs 197.36 crore in the quarter ended December 2024 as against Rs 117.16 crore during the previous quarter ended December 2023. Sales rose 43.34% to Rs 1309.92 crore in the quarter ended December 2024 as against Rs 913.83 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1309.92913.83 43 OPM %28.1620.59 - PBDT304.29191.27 59 PBT226.06144.86 56 NP197.36117.16 68 Powered by Capital Market - Live News

Sarda Energy & Minerals has received reaffirmation in credit ratings from CRISIL as under:Total bank facilities rated - Rs 2,845.50 croreLong term rating - CRISIL AA-; Stable Short term rating - CRISIL A1+ Powered by Capital Market - Live News

Sarda Energy & Minerals will hold a meeting of the Board of Directors of the Company on 8 February 2025.Powered by Capital Market - Live News