Business Update27 Jul 2026, 10:23 am
Sandur Manganese & Iron Ores Ltd Releases Annual Report 2025-26
AI Summary
Sandur Manganese & Iron Ores Ltd (SMIORE) has released its Annual Report for the financial year 2025-26. The report highlights a transformation into an integrated mines-to-metals group, including ferroalloys, coke & energy, and specialty & alloy steel with the addition of Arjas Steel. FY26 marked record mining volumes and a net debt-free standalone position, supported by internal accruals and NCD prepayment. The company's credit rating outlook was revised to Positive, and it entered the top 500 listed companies by market capitalization. SMIORE is now entering a phase of expansion, adopting the unified Group name 'Royal Sandur' and its logo to reflect its integrated operations and strategic vision.
Key Highlights
- Achieved record mining volumes in manganese and iron ore for FY26.
- Company attained a net debt-free position on a standalone basis.
- Credit rating outlook revised to Positive; entered top 500 listed companies.
- Unified Group name 'Royal Sandur' adopted to reflect integrated operations.
- Entering a phase of expansion across business verticals and new opportunities.
Price Impact
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