Sandur Manganese & Iron Ores Ltd Share Price – NSE /  BSE

Mining & Mineral products, Small Cap

Accordingly, the company would enhance its iron ore production limit from present 3.81 million tonnes per annum (MTPA) to 4.36 MTPA.

The company will now obtain consent for operation (expansion) from Karnataka State Pollution Control Board and other regulatory approvals to operate at enhanced levels,” Sandur Manganese said in a statement.

Sandur Manganese & Iron Ores is the flagship company of the Karnataka-based Sandur Group. It is involved in mining of low phosphorous manganese and iron ore in the Hosapete-Ballari region of Karnataka. It also manufactures ferro-alloys (silico-manganese) at its plant in Vyasankare, near Hospet.

The company's consolidated net profit rose 19.13% to Rs 32.14 crore on a 40.82% increase in sales to Rs 260.25 crore in Q2 FY25 over Q2 FY24.

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Triveni Turbine Ltd, LTIMindtree Ltd, Craftsman Automation Ltd and Jubilant Ingrevia Ltd are among the other losers in the BSE's 'A' group today, 19 December 2024.

Sandur Manganese & Iron Ores Ltd lost 6.82% to Rs 421.95 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 83395 shares were traded on the counter so far as against the average daily volumes of 23859 shares in the past one month.

Triveni Turbine Ltd crashed 5.64% to Rs 778.6. The stock was the second biggest loser in 'A' group.On the BSE, 1.05 lakh shares were traded on the counter so far as against the average daily volumes of 1.78 lakh shares in the past one month.

LTIMindtree Ltd tumbled 5.33% to Rs 6225.85. The stock was the third biggest loser in 'A' group.On the BSE, 20301 shares were traded on the counter so far as against the average daily volumes of 5626 shares in the past one month.

Craftsman Automation Ltd corrected 5.20% to Rs 5370.8. The stock was the fourth biggest loser in 'A' group.On the BSE, 6373 shares were traded on the counter so far as against the average daily volumes of 2475 shares in the past one month.

Jubilant Ingrevia Ltd shed 4.79% to Rs 795. The stock was the fifth biggest loser in 'A' group.On the BSE, 17429 shares were traded on the counter so far as against the average daily volumes of 35601 shares in the past one month.

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Net profit of Sandur Manganese & Iron Ores rose 19.13% to Rs 32.14 crore in the quarter ended September 2024 as against Rs 26.98 crore during the previous quarter ended September 2023. Sales rose 40.82% to Rs 260.25 crore in the quarter ended September 2024 as against Rs 184.81 crore during the previous quarter ended September 2023.

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Sandur Manganese & Iron Ores will hold a meeting of the Board of Directors of the Company on 13 November 2024

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