Sandur Manganese & Iron Ores Ltd (SMIORE) has secured approval to increase its iron ore production limit. The company received clearance from the Central Empowered Committee (CEC) of the Supreme Court of India to enhance the Permissible Annual Production (PAP) limit for its Mining Lease No. 2678. The production capacity will rise from 3.81 Million Tonnes Per Annum (MTPA) to 4.36 MTPA, effective from January 1, 2025.
This approval marks a significant milestone for SMIORE, enabling it to scale up operations and contribute more to India’s iron ore supply. To proceed with this enhancement, the company will now seek the necessary Consent for Operation (Expansion) from the Karnataka State Pollution Control Board (KSPCB) and other regulatory bodies.
In the meantime, Sandur Manganese shares closed at ₹422.00, showing a slight increase from the opening price of ₹421.00. The stock reached a high of ₹424.40 and a low of ₹412.45 during the day. Over the past year, its highest value was ₹634.80, while the lowest was ₹330.00.
