Fire incident briefly impacts Sarda Energy power plant

Sarda Energy & Minerals (BSE: SARDAEN) announced today a fire incident at one unit of its Independent Power Plant in Binjkot, Raigarh, on February 25, 2025. The company stated that the fire was swiftly brought under control and emergency procedures were effectively implemented. All personnel are safe, and preliminary assessments indicate limited property damage. While the exact loss will be determined after opening the machinery, the company confirms that assets are adequately insured, including coverage for loss of profit subject to minimum closure period conditions. The incident may cause a temporary loss of production, but the other unit of the power plant is functioning normally. The company will provide further updates as material developments occur.