Equity Bulls
Gujarat Government gives bauxite export permission to Ashapura Minechem
Edited by : AL CIRCLE
1 min read
In view of the ad-interim relief granted by the Hon. Supreme Court, the Government of Gujarat has given conditional permissions in favour of certain mine owners to resume Bauxite sales.
Accordingly, Ashapura Minechem Ltd along with its subsidiaries is likely to resume its bauxite exports from Jamnagar, Gujarat on a best effort basis to the extent of availability/ raising of working capital.
In respect of shipping and other claims, Ashapura Minechem Ltd continues to contest these in appropriate forums along with efforts to amicably resolve the matters.
The Company is in discussion with the Operating Agency to draw up the Draft Rehabilitation Scheme as per the directions of the Board for Industrial and Financial Reconstruction.
The Ashapura Minechem Ltd stock closed the day at Rs.31.20, up by Rs.1.45 or 4.87%. The stock hit an intraday high of Rs.31.20 and low of Rs.29.15.
The total traded quantity was 1.49 lakhs compared to 2 week average of 2.30 lakhs.
Accordingly, Ashapura Minechem Ltd along with its subsidiaries is likely to resume its bauxite exports from Jamnagar, Gujarat on a best effort basis to the extent of availability/ raising of working capital.
In respect of shipping and other claims, Ashapura Minechem Ltd continues to contest these in appropriate forums along with efforts to amicably resolve the matters.
The Company is in discussion with the Operating Agency to draw up the Draft Rehabilitation Scheme as per the directions of the Board for Industrial and Financial Reconstruction.
The Ashapura Minechem Ltd stock closed the day at Rs.31.20, up by Rs.1.45 or 4.87%. The stock hit an intraday high of Rs.31.20 and low of Rs.29.15.
The total traded quantity was 1.49 lakhs compared to 2 week average of 2.30 lakhs.
Previous article
Bissau government to review Angola Bauxite deal
Next articleOdisha's tribals to protest bauxite mining by Hindalco
Grow with
AL Circle
