Sandur Manganese & Iron Ores Limited has informed the Exchange about receipt of approval for Enhancement of Permissible Annual Production limit
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On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 1.0 pts less than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sandur Manganese & Iron Ores has received approval from the Central Empowered Committee (constituted by the Supreme Court of India) to raise its Permissible Annual Production limit in Mining Lease No. 2679. The manganese ore cap is being increased from 0.032 Million Metric Tonnes (MMT) to 0.049 MMT, and the iron ore cap is set at 0.089 MMT. Additionally, the company is permitted to transport 0.327 MMT of already produced incidental iron ore over two years — 0.164 MMT in FY26 and 0.163 MMT in FY27. The company still needs to obtain further regulatory approvals before it can actually operate at the enhanced levels. This is a key regulatory clearance, as the CEC was set up by the Supreme Court to oversee mining in the region.
Positive for shareholders — clearing a long-pending Supreme Court-monitored production cap removes a major bottleneck and opens the door to higher volumes and revenues, though actual ramp-up depends on additional regulatory clearances still to come.