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Sarda Energy & Minerals Limited ( (IN:SARDAEN) ) has shared an announcement.
Sarda Energy & Minerals Limited announced that rating agency ICRA has upgraded the credit ratings of various long-term credit facilities of its wholly owned subsidiary, Chhattisgarh Hydro Power LLP, from ICRA A (Stable) to ICRA A+ (Stable). The upgrade covers term loans, cash credit, and non-fund-based limits totaling over ₹185 crore, signaling strengthened creditworthiness for the hydro power arm, which may enhance its borrowing capacity and financial flexibility and reflects positively on the group’s overall risk profile and standing with lenders and investors.
More about Sarda Energy & Minerals Limited
Sarda Energy & Minerals Limited is an Indian industrial company operating in the energy and minerals space, with operations that include hydro power generation through its wholly owned subsidiary Chhattisgarh Hydro Power LLP. The company holds multiple ISO certifications (9001, 14001, 45001), indicating a focus on quality management, environmental management, and occupational health and safety standards in its operations.
Average Trading Volume: 40,472
Technical Sentiment Signal: Strong Buy
Current Market Cap: 186.7B INR
For a thorough assessment of SARDAEN stock, go to TipRanks’ Stock Analysis page.