Sandur Manganese zooms 11% on approval to increase production

Sandur Manganese plans to start the operations at enhanced level of production from the next financial year

Shares of Sandur Manganese and Iron Ore jumped 11.3 per cent to Rs 978 on the BSE in Thursday's intra-day trade after the Central Empowered Committee (CEC) allowed the company to enhance the manganese ore production from 2.86 lakh tonnes to 5.82 lakh tonnes. At 10:40 AM, the stock was ruling 10.6 per cent to Rs 971 apiece as against 0.2 per cent rise in the benchmark S&P BSE Sensex. 

"It may be noted that the company is expected to receive consent for operation from the Karnataka State Pollution Board and approval from the Monitoring Committee constituted in due course