Sandur Manganese & Iron Ores (SANDUMA) — concall transcript

📢 Key Event
EC approval for iron ore expansion expected by year-end; CAPEX for integrated steel plant to be announced soon.

🔄 What Changed
EC approval timeline set for year-end; coke oven plant commissioned; ferroalloys capacity expansion to 72,000 TPA planned with ~₹15-16 crore cost.

🔮 What's Next
EC approval by end of calendar year; Phase 2 CAPEX announcement during current calendar year; expansion to 2.5-3 million tonne iron ore capacity planned.

💡 Investor Takeaway
Management is advancing integrated steel ambitions through coke integration and EC approval, targeting year-end clearance for expansion.

During the Q4 FY21 earnings call, management highlighted progress on EC approval for iron ore expansion, targeting completion by year-end, and outlined CAPEX plans including a new 0.4 MTPA coke oven plant and waste heat recovery boilers to support integrated steel ambitions. They noted current iron ore sales at ~₹3,000/tonne, coke utilization at 100%, and plans to expand ferroalloys capacity to 72,000 TPA with ~₹15-16 crore refurbishment costs. Management emphasized backward integration via coke to improve ferroalloy profitability and reduce power costs, while acknowledging grade degradation risks from higher capacity. Investor focus centered on EC timeline, CAPEX scale, and dividend policy amid strong cash flows.

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About Sandur Manganese & Iron Ores Ltd (SANDUMA)

Metals & Mining · Mining & Mineral products · Listed on BSE

Market Cap: ₹8,781.48 Cr P/E: 12.3 ROE: 22.1% ROCE: 25.5% Div Yield: 0.28%

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🔥 Also filed on 31 March 2021

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