SARDAENSarda Energy & Minerals Limited
Sarda Energy & Minerals’ long-term rating upgraded by CRISIL to AA/Stable on ₹2,845.50 crore of bank facilities
- Credit rating
- Steel And Steel Products
Sarda Energy & Minerals Limited has told the exchanges on 7 Oct 2026 that CRISIL has upgraded the long-term rating on its bank facilities to CRISIL AA/Stable from CRISIL AA-/Positive, and reaffirmed the short-term rating at CRISIL A1+. The total rated bank facilities are ₹2,845.50 crore, unchanged.
Inference
The upgrade raises the rating by one notch and the outlook moves from Positive to Stable, which is the usual result once an upgrade has been made. The amount rated is unchanged, and the filing gives no reasons.
Reference: Original filing (PDF)
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