The Sandur Manganese & Iron Ores Limited commences Commercial Production of Phase I of 1 MTPA Iron and Steel Project

The Sandur Manganese & Iron Ores Limited had earlier announced about Bhoomi Puja and Foundation Stone Laying Ceremony for Phase I of 1 MTPA Iron and Steel Project entailing setting up 0.4 MTPA Coke Oven Plant, Waste Heat Recovery Boilers and 0.4 MTPA Pig Iron Blast Furnace at Vysanakere, Hosapete on 19 March 2018.

Trials from Batteries 1 & 2 of the Coke Oven Plant commenced in January 2020, new 24 MVA Ferro Alloy furnace in February 2020, Batteries 3 & 4 of Coke Oven Plant from November 2020 and refurbished 20 MVA Ferro Alloy Furnace from 18 January 2021. Accordingly, the Lenders' Engineers have completed their visit to the Plant yesterday and are expected to issue a certificate to the Bankers regarding completion of the Project and declaration of the commercial operations w.e.f. 18 January 2021. Performance Guarantee Tests will be taken up in due course of time.
The commercial operations at the 0.4. MTPA Coke Oven Plant and Ferro Alloy Furnaces will be considered to have commenced w.e.f. 18 January 2021.

Shares of SANDUR MANGANESE & IRON ORES LTD. was last trading in BSE at Rs.1148.55 as compared to the previous close of Rs. 1151.25. The total number of shares traded during the day was 4758 in over 195 trades.

The stock hit an intraday high of Rs. 1179.9 and intraday low of 1140. The net turnover during the day was Rs. 5532243.

Source : Equity Bulls

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