CARE Reaffirms Credit Rating for Madhya Bharat Power Corporation Ltd. Subsidiary
Sarda Energy & Minerals Limited announced on 8th April 2026 that CARE has reaffirmed the credit rating for the company's subsidiary, Madhya Bharat Power Corporation Ltd.The rating update pertains to the subsidiary's long term bank facilities. The details of the facility, existing rating, and reaffirmed rating are presented below:
| Facility | Amount | Existing Rating | Reaffirmed Rating |
|---|---|---|---|
| Long Term bank facilities | ₹ 780.76 crore | CARE A; Stable (Single A; Outlook: Stable) | CARE A; Stable (Single A; Outlook: Stable) |
SARDAEN Stock Price Movement
Today, Sarda Energy & Minerals Limited shares climbed 2.73% to settle at ₹541.55, marking a gain of ₹14.40. The stock saw brisk activity during the session, with a total volume of 377,210 shares traded.Source:
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