The announcement was made during market hours today, 7 December 2023.

Sandur Manganese & Iron Ores is the flagship company of the Karnataka-based Sandur Group. It 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.

The company's consolidated net profit rose 23.31% to Rs 26.98 crore on a 61.38% fall in sales to Rs 184.81 crore in Q2 FY24 as compared with Q2 FY23.