Sarda Energy's Nilay Joshi On Growth Outlook, Energy Business And Expansion Plans

Sarda Energy & Minerals expects its energy business to contribute 70-75% to EBITDA, with power generation likely to strengthen in the second half of FY27. In an exclusive conversation with NDTV Profit, Nilay Joshi discusses the company's growth outlook, the execution of expansion projects and demand trends across the power and steel sectors. He says the company does not expect commodity cyclicality to significantly impact its business, while production and realisations are expected to remain stable. Joshi also explains how the normalisation of steel plant outages and the benefits of maintenance shutdowns undertaken in H1 could support performance in H2 FY27.