Shares of Sandur Manganese and Iron Ores Ltd jumped 3.82% to Rs 201.98 on Monday after the company announced it had received final approval from the Ministry of Environment, Forest and Climate Change (MoEF&CC) for the diversion of forest land to establish a Downhill Conveyor Pipe System (DCS) in Karnataka.
According to the company’s filing dated October 3, 2025, the approval allows the diversion of 2.4314 hectares of forest land in the Deogiri Swamimalai Forest Block, located in Sandur Taluk, Ballari District, for setting up the DCS from Kammathuru Iron Ore Mine to PMBR (BMM) siding. The approval was granted under Section 2(1)(ii) of the Van (Sanrakshan Evam Samvardhanam) Adhiniyam, 1980, and is subject to specific conditions outlined in the government’s clearance letter.
Following this approval, the company stated that it would approach the Department of Forests & Environment, Government of Karnataka for the execution of the Forest Lease Agreement as per regulatory norms.
The development marks a significant milestone for Sandur Manganese, as it facilitates smoother ore transportation and aligns with the company’s efforts to expand its operational efficiency in the Bellary mining region.
At the time of writing, Sandur Manganese’s market capitalization stood at approximately Rs 9,800 crore, with the stock trading between Rs 197.13 and Rs 207 during the session.
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