Sandur Manganese & Iron Ores Ltd
Sandur Manganese & Iron Ores Ltd (504918)

Sandur Manganese & Iron Ores Ltd (504918)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-16.73 %
3 Month Return-68.36 %
1 Year Return-59.48 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 95
Rank 32
Rank 52
Dividend Yield
Rank 103
Rank 11
Price To Book Ratio
Rank 155
Debt To Asset
Rank 270

Company Information

Sandur Manganese and Iron Ores SMIOL was incorporated in 1954 as a private limited company to take over and develop manganese mines at Deogiri near Sandur and was converted into a public limited company on 29 Jul.64 to establish an electrometallurgical industry at Vyasanakere near Hospet. It is managed by S Y Ghorpade as Chairman and Managing Director. SMIOL is mainly engaged in developing manganese mining in electrometallurgical industry and has diversified into electronics and software fields. It has set up a separate electronics division for the manufacture of dot matrix printers with Japanese collaboration and a software division for the development of advanced software systems and training. The company produces about 3 lac tpa of manganese ore through open cast mining. In 1968 SMIOL established its metal and ferroalloy plant near Hospet with 15MVA electric reduction furnace for production of pig iron. Subsequently it added two more furnaces and later started producing ferro manganese.Other group companies are Sandur Investment Sandur Financial Services Sandur Laminates etc. In Jan.94 SMIOL came out with a rights issue of 18.75 lac equity shares premium : Rs 35 aggregating Rs 8.44 cr to partfinance the Rs 60cr 100 EOU project for 1.35 mln sq mtr pa of copper clad laminates in technical collaboration with West Coast Enterprises US.SMIOL has set up a captive generation capacity of 130 mln units P.a in the 30MW mini hydel project and set up a pilot plant designed for beneficiation of 15000 tonnes of C grade ore and to produce 5000 tpa of ferro manganese grade sinter.The company has been declared sick by BIFR and IDBI was appointed as operating agency during 19992000.The companys 3rd unit of Hydel Power Project was successfully commissioned and 4th and final unit in April2001.
OrganisationSandur Manganese & Iron Ores Ltd
IndustryMining & Mineral products