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Sandur Manganese & Iron Ores gets listed on the NSE

Sandur Manganese & Iron Ores Ltd. (SANDUR), a well-established integrated commodity producer listed on the BSE for many years, marked its debut on the NSE last Thursday. Commencing its NSE journey at ₹1,615.15, the stock experienced a modest 1.25% decline, closing at ₹1,595.

MD Bahirji Ajai Ghorpade expressed his sentiments about the listing, stating, “This event underscores our collective dedication and the remarkable path we’ve embarked on. Since our humble beginnings in 1954, we’ve evolved into a significant player in the metals and mining sector.”

He continued, “The listing signifies the value we’ve created over the years and the promising future ahead.”

The company has unveiled plans to boost manganese ore production from 0.28 to 0.58 million tonnes per annum (mtpa) and iron ore production from 1.60 to 4.50 mtpa.

Additionally, SANDUR has established a 42.9 MW hybrid renewable power plant in collaboration with Renew Power, strategically positioned to meet the growing energy demands necessary for expanding Ferroalloys operations in FY24.

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