Synopsis:

Sandur Manganese & Iron Ores Ltd gained sharply after receiving final environmental clearance for forest land diversion in Karnataka to set up a downhill conveyor system, enabling enhanced ore transportation.

A mining stock jumped after final approval was granted by the Ministry of Environment, Forest and Climate Change for the diversion of forest land to facilitate ore transport. The approval enables the establishment of a Downhill Conveyor Pipe System from the Kammathuru Iron Ore Mine to PMBR siding, potentially improving operational efficiency and long-term output.

Sandur Manganese & Iron Ores Ltd , with a market capitalization of Rs. 10,145.01 crore, opened at Rs. 197.10, reaching an intraday high of Rs. 214.15 from a previous close of Rs. 194.40, marking a rise of 10.15

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