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Sarda Energy & Minerals LimitedImportant, 26-02-2025: Disruption of Operations

26-02-2025 | 01:08 pm

A fire incident occurred at Sarda Energy & Minerals Ltd.'s Independent Power Plant in Binjkot, Raigarh. While the cause is still undetermined, the fire was quickly controlled, and all personnel are safe. Preliminary assessments indicate that property loss is limited, with exact figures pending until the machinery is inspected. However, the restart of the affected unit may take time, resulting in a temporary loss of production. Importantly, the company has adequate insurance coverage for the affected assets, including loss of profit. The other unit remains operational. Investors should monitor any further developments regarding production timelines and financial impact.

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