SANDUR MANGANESE & IRON ORES LTD. - 504918 - Announcement Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015- Commencement Of Commercial Production For Phase I Of 1 MTPA Iron And Steel Project
This is in continuation of our earlier announcement informing about Foundation Stone Laying Ceremony for Phase I of 1 MTPA Iron & Steel Project. Trials from Batteries 1 & 2 of the Coke Oven Plant commenced in Jan 2020, new 24 MVA Ferro Alloy furnace in Feb 2020, Batteries 3 & 4 of Coke Oven Plant from Nov 2020 and refurbished 20 MVA Ferro Alloy Furnace from 18 Jan 2021. Accordingly, the Lenders' Engineers have completed their visit to the Plant yesterday and are expected to issue a certificate to the Bankers regarding completion of the Project and declaration of the commercial operations w.e.f. 18 Jan 2021. Performance Guarantee Tests will be taken up in due course of time. In compliance with the provisions of Regulation 30(2) of SEBI (LODR) Regulations, 2015, we wish to inform that the commercial operations at the 0.4. MTPA Coke Oven Plant and Ferro Alloy Furnaces will be considered to have commenced w.e.f. 18 January 2021.20-01-2021