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Sandur Manganese & Iron Ores gains on resuming mining operations from February 21

Sandur Manganese & Iron Ores Ltd. | Mining & Minerals | Metals & Mining | BSE: 504918 | NSE: SANDUMA

21 Feb 2014 Evaluate

Sandur Manganese & Iron Ores is currently trading at Rs. 540.05, up by 27.55 points or 5.38% from its previous closing of Rs. 512.50 on the BSE.

The scrip opened at Rs. 510.00 and has touched a high and low of Rs. 565.00 and Rs. 510.00 respectively. So far 31368 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 720.00 on 30-Oct-2013 and a 52 week low of Rs. 301.00 on 23-May-2013.

Last one week high and low of the scrip stood at Rs. 527.00 and Rs. 501.00 respectively. The current market cap of the company is Rs. 472.68 crore.

The promoters holding in the company stood at 72.49% while Institutions and Non-Institutions held 1.74% and 25.77% respectively.

Sandur Manganese & Iron Ores has resumed its mining operations from February 21, 2014 after getting approval from Supreme Court. Earlier, as on February 1 2014, the company had suspended its mining operations consequent to Forest Conservation Division of Ministry of Environment & Forests (MoEF), Government of India opined that the Forest Clearance granted by it to the Company should be considered as co-terminus with the period of Lease under Mines and Minerals (Development & Regulation) Act, 1957 since it does not recognize the provisions under Mineral Concession Rules, 1960.

Sandur Manganese & Iron Ores (SMIORE), the flagship company of the Sandur Group, was founded by former ruler of the Princely State of Sandur, Yeshwanthrao Hindurao Ghorpade in 1954. The major activities of SMIORE are mining of finest low grade, low phosphorous, manganese and iron ores, facility for production of ferroalloys and management of hydro-electric power generation.

Sandur Manganese Share Price

218.35 0.65 (0.30%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Coal India	438.70
NMDC	89.78
GMDC	733.40
Sandur Manganese	218.35
MOIL	327.60
View more..

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Sandur Manganese & Iron Ores gains on resuming mining operations from February 21

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