The stock was up 3% at Rs 240 on the BSE.
The stock surged 9% to Rs 243 on NSE after the company said the board will meet on June 7, to consider share buyback proposal.
The stock surged 9% to Rs 238 after it increased the prices of various grades of manganese ore for the quarter April-June.
The Madhya Pradesh has granted mining lease under Ukwa Mine of the company