Hi. I have a relative working in Sandur Manganese in the mining division. Since I am a SMID investor and tracking Mining sector, pls revaluate the company basis on the key risks such as 9 years balance mining lease, Young management, Inability to enter into Steel in the past, DI pipes being a Govt exposed and competitive sector. At present, company is experienced only into Mining and Steel is a different game all together.
Company is planning to enter into TMT bars which is very volatile and small players don’t have any say in the segment. Godavari power and Shyam metalliks seem to be better play.
Disclosure: Not invested. tracking position in GPIL & shyam metallics
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