Sandur Manganese & Iron soars on getting consent for operation for Manganese & Iron Ore mines
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Sandur Manganese & Iron is currently trading at Rs. 494.05, up by 10.80 points or 2.23% from its previous closing of Rs. 483.25 on the BSE.
The scrip opened at Rs. 494.90 and has touched a high and low of Rs. 496.95 and Rs. 490.25 respectively. So far 9629 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 636.15 on 20-Jun-2024 and a 52 week low of Rs. 238.64 on 27-Sep-2023.
Last one week high and low of the scrip stood at Rs. 507.90 and Rs. 480.60 respectively. The current market cap of the company is Rs. 7983.46 crore.
The promoters holding in the company stood at 74.22%, while Institutions and Non-Institutions held 2.23% and 23.56% respectively.
Sandur Manganese & Iron Ores has received Consent for Operation (CFO-Expand) from Karnataka State Pollution Control Board (KSPCB), Government of Karnataka, for its Manganese & Iron Ore mines for the enhancement of Manganese Ore Production from current 0.43 MTPA to 0.55 MTPA.
KSPCB, Government of Karnataka, after examining the Company’s application submitted to KSPCB under Air and Water Act has granted Consent for Operation. The Company will present all the approvals before the Monitoring Committee constituted by the Hon’ble Supreme Court to operate at the enhanced levels.
Sandur Manganese & Iron Ores is engaged in mining of finest low grade, low phosphorous, manganese and iron ores, facility for production of ferroalloys and management of hydro-electric power generation.
