Rating7 Oct 2026, 01:20 pm
Sarda Energy Subsidiary's Credit Rating Upgraded
AI Summary
Sarda Energy & Minerals Ltd announced an upgrade in the credit rating for its wholly-owned subsidiary, Sarda Metals & Alloys Ltd. The long-term rating for bank facilities has been upgraded to CRISIL AA- / Stable from CRISIL A/Positive, and the short-term rating has been upgraded to CRISIL A1+ from CRISIL A1. The total bank facilities rated remain unchanged at ₹659.81 crore. This upgrade signifies improved creditworthiness and financial stability for the subsidiary.
Key Highlights
- Subsidiary Sarda Metals & Alloys Ltd credit rating upgraded.
- Long-term rating improved to CRISIL AA- / Stable.
- Short-term rating improved to CRISIL A1+.
- Total bank facilities rated remain ₹659.81 crore.
- Indicates enhanced financial health and stability.
Price Impact
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