Sandur Manganese and Iron Ores Ltd. Stock Analysis SANDUMA.NS

Sandur Manganese & Iron Ores Ltd. engages in the production and mining of manganese and iron ores, and manufacture of ferroalloys. The firm is engaged in the mining of manganese and iron ores in Deogiri village of Sandur taluk, Bellary District, Karnataka. The company is also engaged in the manufacture of ferroalloys, coke and energy located at Vyasanakere, Hosapete. The company operates three segments: Mining, Ferroalloys, and Coke and Energy. The Mining segment is engaged in the mining of manganese ore and iron ore, which produces the low-grade, low-phosphorus manganese ores required to make ferroalloy and steel. The company holds manganese ore reserves of approximately 17 million metric tons. The Ferroalloys segment manufactures ferromanganese, silicomanganese, pig iron, and ferrosilicon in its furnaces. The Coke and energy segment is engaged in producing metallurgical coke and generating energy for the power requirements of ferroalloy manufacturing operations. The firm has a subsidiary, Sandur Pellets Private Limited.