Sarda Energy & Minerals, subsidiary outlook revised to positive by CRISIL

Sarda Energy & Minerals Ltd. announced that CRISIL has reaffirmed its credit ratings for total bank facilities of INR 2,845.50 crore. The long-term rating remains CRISIL AA-, but the outlook has been revised from 'Stable' to 'Positive', signifying improved financial prospects. The short-term rating of CRISIL A1+ was also reaffirmed.

Concurrently, Sarda Metals & Alloys Ltd., a wholly owned subsidiary, also received a credit rating update for its bank facilities totalling INR 659.81 crore. Its long-term rating of CRISIL A was reaffirmed, with the outlook similarly revised from 'Stable' to 'Positive'. The short-term rating of CRISIL A1 was reaffirmed.

These updates indicate a strengthening financial position for both Sarda Energy & Minerals Ltd. and its subsidiary, reflecting positively on their creditworthiness within the financial market.