Credit rating agency, CARE Equity Research has maintained a fundamental grade of ‘3/5’ for the equity shares of Sarda Energy & Minerals (SEML), indicating ‘Good Fundamentals’.
Sarda Energy & Minerals is a midsized, integrated steel and ferro alloys producer with diversification plans into power and natural resources. The company is primarily engaged in the manufacturing and selling of pellets, sponge iron, steel billets, wire rods and ferro alloys from its plant located at Raipur, Chhattisgarh.