Sandur Manganese & Iron Ores to set up Coke oven plant

Sandur Manganese & Iron Ores Ltd’s Board has approved setting up a 0.4 MTPA Coke Oven Plant and a 24MW Waste Heat Recovery Boiler at the existing Ferroalloy Plant.

Also, the Board approved the payment of an Interim Dividend of Rs.1 per share, i.e., 10 per cent of paid up equity share capital of the Company. Pursuant to Reg 42(1)(a)LODR,2015, 15.4.2017 has been fixed as Record Date.

Since R.Subramanian has, vide letter dated 31.3.2017, submitted his resignation from the position of Independent Director w.e.f from 31.3.2017, the Board has re-designated S. Y. Ghorpade as Non-Executive Chairman of the Company.

The Board has re-appointed Nazim Sheikh as Managing Director of the Company for a further period of three years w.e.f.,1.4.2017 and U.R.Acharya as Director (Commercial) for a further period of one year w.e.f.,1.4.2017.

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