|₹2747 / ₹895|
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Sandur Manganese and Iron Ores (SMIOL) was incorporated in 1954 as a private limited company to take over and develop manganese mines at Deogiri near Sandur, and was converted into a public limited company on 29 Jul. '64 to establish an electro-metallurgical industry at Vyasanakere near Hospet. It is managed by S Y Ghorpade as Chairman and Managing Director. SMIOL is mainly engaged in developing manganese mining, in electro-metallurgical industry and has diversified into electronics and software fields. It has set up a separate electronics division for the manufacture of dot matrix printers with Japanese collaboration and a software division for the development of advanced software systems and training. The company produces about 3 lac tpa of manganese ore through open cast mining. In 1968, SMIOL established its metal and ferro-alloy plant near Hospet with 15-MVA electric reduction furnace for production of pig iron. Subsequently, it added two more furnaces and later started producing ferro manganese.