Vision & Ethos

SMIORE’s Vision and Mission is to

  • Ensure safe, systematic and scientific mining practices, with concern and aim to preserve the environment & ecology, and uphold our reputation as a responsible mining company.
  • Grow as a reputed business house by consolidating the manganese & iron ore activities into a significant conglomerate with downstream integration of ferroalloys, power and steel; supported by robust corporate governance practices based on the principles of fair play, integrity, ethics and social welfare.
  • Build a happy and contented society using effective and appropriate technology to improve the living standards and infrastructure facilities in the local region, with emphasis on education, health, training rural youth for better employability, solar electricity in every home and street, clean drinking water and sanitation for all.
  • Continue preserving and promoting art, culture, heritage and traditions of Sandur and the surrounding villages.

Corporate Governance

We believe in directing and controlling the business with the overriding objective of optimizing return for the shareholders. The company aims to achieve this by providing long-term visibility of its business, ensuring effective relationship with stakeholders, establishing systems that help the board in understanding risk appetite and monitoring risk at every stage of corporate evolution process.

Culture and Philosophy

The biggest assets of the company are our honest, dedicated, diligent, ethical and responsible employees. It is them who have sustained the company for decades and will continue to do so. Welfare of employees and responsibility to improve living conditions and standard of life are at the core of the company’s philosophy. In fact, this is as integral as providing healthy returns to the shareholders. For the employees and their families, the natural resources of SMIORE’s mines are the wealth, while the promoters and management of the company are only their trustees.

Employee Welfare

We believe that our employees are the most treasured part of the company. A number of schemes and programmes benefit the 3000 + employees of SMIORE. Apart from the statutory welfare amenities to its employees, we offer schemes such as Subsidized Ration Scheme, clothing subsidy, subsidized L.P.G. cylinder, solar hot water system, departmental stores, recreation clubs, tailoring centers for women, transport facilities and allowances for marriages, conveyance or any other personal needs. The employees also benefit from medical schemes, pension plans and other assistance such as housing loans and access to our in-house health center, Arogya. We also support employee children with education at all levels, including scholarships. Housing, electricity, ex gratia funeral expenses and access to the community hall for functions are some of the other ways in which we extend our gratitude to our team.

Food security is given specific priority as part of employee welfare. All employees are given ration cards for monthly supply of essential commodities at highly subsidized rates. A food package sufficient for an average family of 5 for a month is also provided.

Apart from priority to food, clothing, health, medical care and education, there is focus on technical training, food subsidies, housing loans, cash gifts, and electricity, access to medical facilities, festival gifts, education scholarships and financial help for sundry affairs on a case-by-case basis.