Sandur Manganese and Iron Ores has received approval to increase its permissible annual production limit of iron ore from the current 3.81 MTPA to 4.36 MTPA.
The company received the nod for the enhancement in Mining Lease no. 2678 from the Central Empowered Committee set up by the Supreme Court of India. The Company will now obtain Consent for Operation (Expansion) from Karnataka State Pollution Control Board and other regulatory approvals to operate at enhanced levels.
Sandur Manganese & Iron Ores is involved in mining of low phosphorous manganese and iron ore in the Hosapete-Ballari region of Karnataka. It also manufactures ferro-alloys (silico-manganese) at its plant in Vyasankare, near Hospet.
In September, the company's board had approved raising of funds up to Rs 1,000 crore by way of qualified institutions placement (QIP).