Sarda Energy & Minerals Ltd announces temporary shut-down of one TG set

Sarda Energy & Minerals Ltd. has announced that in the course of operations some abnormality was observed in one of the three turbines and the machine was shut down for inspection on 6th July 2020. Following the necessary guidelines / protocol required to inspect the machine and also to prevent spread of COVID 19, after opening and inspection by external technical experts it was observed that a part is damaged and requires repairing for which it has to be sent to the workshop of the contractor. It may take 2 to 3 months to restart the machine.

In the meantime the company has arranged power from its wholly-owned subsidiary Sarda Metals & Alloys Limited, so as to maintain the production at normal levels.

Shares of SARDA ENERGY & MINERALS LTD. was last trading in BSE at Rs.169.4 as compared to the previous close of Rs. 168. The total number of shares traded during the day was 5814 in over 267 trades.

The stock hit an intraday high of Rs. 175 and intraday low of 166.9. The net turnover during the day was Rs. 998872.

Source : Equity Bulls

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