Sarda Energy and Minerals Ltd updates on subsidiary's tariff

The Hon'ble Chhattisgarh State Electricity Regulatory Commission, vide its Order dated 224 September 2021, has approved provisional tariff for the 113 MW Hydropower Project of Madhya Bharat Power Corporation Ltd. (a subsidiary of the Company) considering 85% of the cost of the project incurred as per audited accounts of the company as of 31st March 2021 with return on equity of 15.5% p.a. as per relevant regulations under the Electricity Act.

The final tariff will be determined based on the cost incurred up to the date of COD, as may be approved by the Commission, following the due process of law in due course.

Shares of Sarda Energy & Minerals Ltd was last trading in BSE at Rs. 674.7 as compared to the previous close of Rs. 642.6. The total number of shares traded during the day was 10704 in over 581 trades.

The stock hit an intraday high of Rs. 674.7 and intraday low of 636. The net turnover during the day was Rs. 7128167.

Source : Equity Bulls

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