India's Sandur Manganese up after court approves forest clearance

Sandur Manganese And Iron Ores

08/05/2025 08:28

** Shares of miner Sandur Manganese and Iron Ores SUMG.NS rise as much as 6.3% to 522.80 rupees, highest since Dec. 11

** SUMG on Wednesday said an Indian court has approved the forest clearance granted to the company for mining in two mines in Ballari as valid, and the company can continue its mining operation

** Earlier, the Indian government had asked co to suspend mining operations over the validity of forest clearance

** More than 852,000 shares change hands, 2.7x of 30-day avg

** Stock last up 4%, bumping YTD gains to 23.6%

(Reporting by Ashish Chandra in Bengaluru)

((ashish.chandra@thomsonreuters.com (+91 7982114624))