Sandur Manganese & Iron Ores has received an approval for acquisition of balance 18.76% comprising 1,73,75,000 number of equity shares of Star Metallics and Power (SMPPL) to make it a wholly owned subsidiary (WoS). The board of director at their meeting held on November 14, 2015 has approved for the same. The company is already holding 81.24% of the equity share capital of SMPPL.
Further, the board has accorded its approval for taking on lease, for a period of three years, the Ferro Alloy Plant and Captive Power Plant from its subsidiary SMPPL.
Sandur Manganese & Iron Ores is engaged in the business of low phosphorous, manganese and iron ores mining.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: