Sandur Manganese and Iron Ores is the stock on radar as there has been an enhancement of annual production in manganese ore in one of their mining leases.
In an interview to CNBC-TV18, K Raman, Director Finance at Sandur Manganese said that manganese ore capacity has been enhanced from 7,400 to 32,000 tonne in one of our mines.
Talking about prices, he said iron ore prices were low in February 2018 in-line with NMDC price cut.
On numbers front, he said that in FY18, sales will be approximately Rs 540 crore and expect sales in FY19 at over Rs 600 crore.