Sandur Manganese & Iron Ores, a diversified commodity producer, has ambitious plans to boost its manganese ore production from 0.28 to 0.58 MTPA and iron ore output from 1.60 to 4.50 MTPA. The company anticipates receiving the necessary approvals from relevant authorities by the last quarter to facilitate this production increase. Once the production is scaled up, the company’s focus will shift to downstream operations. SANDUR, which is listed on the BSE and recently joined the NSE, has already commissioned a 42.9 MW hybrid renewable power plant in partnership with Renew Power to meet the growing energy demands for expanding Ferroalloys operations in FY24.
Bahirji Ajai Ghorpade, the Managing Director of SMIORE, has expressed the company’s intention to venture into hot metal production and downstream value-added products. This move aims to maximize integration across all business segments, establishing the company as a formidable player in the industry. Enhancing coke production is strategically aligned with the company’s vision to diversify its product portfolio and build the internal capabilities needed to realize its long-term goal of establishing a steel plant.
Furthermore, the company remains committed to energy conservation and the adoption of cleaner energy sources, which are integral to its sustainable development framework. Notably, the company has recently implemented solar-based solutions to replace a portion of its non-production electricity requirements.
On Friday, the company’s shares opened at ₹1,570 and closed at ₹1,565 on the NSE.
