India: SMIORE's net sales soar to over INR 2,200 cr in FY22

• Karnataka-based Sandur Manganese & Iron Ores' (SMIORE's) net sales were recorded at INR 2,248.74 crore in FY22, up significantly by 200% compared to INR 746.59 crore in FY21.
• Net profit rose by 400% y-o-y to INR 675.11 crore in FY22.
• Notably, annual production of manganese ore (0.28 mn t), iron ore (1.6 mn t) and ferro alloys (0.036 mn t) remained almost stable y-o-y in FY21.