Disruption18 Jun 2026, 05:00 pm
Sarda Energy subsidiary's hydro plant shut due to tower collapse
AI Summary
Sarda Energy & Minerals Ltd. announced a disruption at its subsidiary, Madhya Bharat Power Corporation Ltd.'s Sikkim Hydro Power Plant. On June 18, 2026, a transmission tower collapsed due to heavy rains, causing a temporary shutdown of the plant. The company is currently assessing the extent of the damage and the time required to restore operations. Importantly, any resulting loss from this incident is covered under insurance.
Key Highlights
- Subsidiary's Sikkim Hydro Power Plant temporarily shut down.
- Transmission tower collapsed due to heavy rains on June 18, 2026.
- Company is assessing damage and restoration timeline.
- All resulting losses are covered by insurance.
- The incident impacts a hydro power plant of a subsidiary.
Price Impact
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