Monthly Update8 April 2026 at 12:41 pm
CARE Reaffirms Credit Rating of Sarda Energy & Minerals Ltd's Subsidiary - Madhya Bharat Power Corporation Ltd.
AI Summary
In a recent development, CARE has reaffirmed the rating of the credit facilities of Sarda Energy & Minerals Ltd's subsidiary, Madhya Bharat Power Corporation Ltd. The long term bank facilities of ₹ 780.76 crore have been given a stable rating of CARE A; Stable (Single A; Outlook: Stable) by CARE.
Key Highlights
- CARE has reaffirmed the credit rating of Madhya Bharat Power Corporation Ltd., a subsidiary of Sarda Energy & Minerals Ltd.
- The long term bank facilities of ₹ 780.76 crore have been given a stable rating of CARE A; Stable (Single A; Outlook: Stable).