Sandur Manganese & Iron is currently trading at Rs. 494.05, reflecting an increase of 10.80 points or 2.23% from its previous close of Rs. 483.25 on the BSE.

The stock opened at Rs. 494.90, with a day’s high of Rs. 496.95 and a low of Rs. 490.25. A total of 9,629 shares have been traded so far.

This BSE group 'A' stock, with a face value of Rs. 10, reached its 52-week high of Rs. 636.15 on June 20, 2024, and a 52-week low of Rs. 238.64 on September 27, 2023. Over the past week, the stock's high was Rs. 507.90 and the low was Rs. 480.60. The company currently holds a market cap of Rs. 7,983.46 crore.

The company’s promoters hold a 74.22% stake, while institutional and non-institutional investors hold 2.23% and 23.56%, respectively.

Sandur Manganese & Iron Ores has secured approval from the Karnataka State Pollution Control Board (KSPCB) for expanding operations at its Manganese and Iron Ore mines. The company received the Consent for Operation (CFO-Expand) to boost manganese ore production from 0.43 MTPA to 0.55 MTPA.

The KSPCB granted approval under the Air and Water Act after reviewing the company’s application. Sandur Manganese will now present the approvals to the Monitoring Committee, formed by the Hon’ble Supreme Court, to operate at enhanced production levels.

The company specializes in mining high-quality low-grade, low-phosphorous manganese and iron ores, producing ferroalloys, and managing hydro-electric power generation.