Sarda Energy & Minerals Limited (SARDAEN) — corporate announcements
Sarda Energy & Minerals Limited
$SARDAEN
Incorporated in 1973, Sarda Energy & Minerals Limited (SEML) is the flagship company of Sarda Group and is engaged in the production of steel, ferro alloys and power.
Sarda Energy & Minerals' wholly-owned subsidiary, Sarda Metals Alloys, had its ₹50 Cr bank loan facilities affirmed with an 'IND A1' credit rating by India Ratings. This highlights stable financial health.
India Ratings & Research has assigned Sarda Energy & Minerals Ltd. an 'IND A1+' rating for its Commercial Paper. This new rating covers an issue size of ₹100 Cr (1,000 million) with maturities up to 365 days.