Ind-Ra assigns credit rating to Sarda Energy & Minerals’ subsidiary

The credit rating agency has assigned a fresh short-term rating of IND A2+ for non-funds-based facilities of Sarda Metals & Alloys Ltd.

Sep 15, 2021 03:09 IST India Infoline News Service

Sarda Energy & Minerals
Sarda Energy & Minerals Ltd. informed the exchanges Wednesday that India Ratings (Ind-Ra) has assigned a fresh short term credit rating of IND A2+ for non-funds-based facilities of the company's Wholly-Owned Subsidiary - Sarda Metals & Alloys Ltd. The total facility rated is Rs500 million.

Sarda Energy & Minerals Ltd stock trade ended at Rs729 per piece up by Rs1.3 or 0.18% from its previous closing of Rs727.70 per piece on the BSE.
The scrip opened at Rs740 and has touched a high and low of Rs743.50 and Rs722.50 respectively

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