Sandur Manganese Receives MoEF&CC Clearance for Downhill Conveyor System; Stock Jumps Up

Bengaluru, October 6, 2025: Sandur Manganese & Iron Ores Limited (NSE: SANDUMA, BSE: 504918) shares climbed more than 8% during the afternoon trade, after the Ministry of Environment, Forest and Climate Change (MoEF&CC) gave final clearance to divert 2.4314 hectares of forest area to set up a Downhill Conveyor Pipe System (DCS) in Karnataka.

Formed in the year 1954 with headquarters at Ballari, Karnataka, Sandur Manganese & Iron Ores Limited is a manganese and iron ore mining giant with integrated ferroalloy manufacturing units. The company’s shares are listed on NSE and BSE under the symbols SANDUMA and 504918, and the company is a constituent of the Nifty Total Market Index in the sector Coal and Iron Ore. DCS project is an initiative of strategic direction towards achieving maximum operating efficiency with green mining methodologies.

Project Approval and Importance

Permission has been granted under Section 2(1)(ii) of the Van (Sanrakshan Evam Samvardhanam) Adhiniyam, 1980, for the construction of a conveyor system connecting Kammathuru Iron Ore Mine (ML No. 2678) to the PMBR (BMM) siding in the Deogiri Swamimalai Forest Block, Sandur Taluk, Ballari District. This new system is designed to streamline ore transportation while minimising the environmental impact associated with truck-based logistics, supporting the company’s broader sustainability and operational efficiency initiatives.

Following this sanction, Sandur Manganese will approach the Department of Forests & Environment, Government of Karnataka, to execute the Forest Lease Agreement, thus completing the final procedural requirement before construction.

Stock Performance

At 12:17 pm IST, the stock was trading at ₹211.90, up by 8.92% from the last close of ₹194.54. It had a high of ₹214.10 and a low of ₹197.13, with 38.58 lakh shares and a VWAP of ₹202.52. The company’s market capitalization stands at ₹9,782.86 crore. The stock has traded in a 52-week range of ₹112.40 to ₹207.00, registering a strong comeback and investor interest following regulatory clearance.

The approval marks another strategic milestone for Sandur Manganese, aligning its expansion with sustainable and mechanized transport infrastructure.

REF: https://nsearchives.nseindia.com/corporate/SANDUR_03102025213410_Ltr2SEsDownhillConveyorSigned.pdf

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