Net profit of Ashapura Minechem rose 72.01% to Rs 56.35 crore in the quarter ended December 2023 as against Rs 32.76 crore during the previous quarter ended December 2022. Sales rose 33.27% to Rs 713.10 crore in the quarter ended December 2023 as against Rs 535.07 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales713.10535.07 33 OPM %8.1010.82 - PBDT41.4257.99 -29 PBT21.3740.35 -47 NP56.3532.76 72 Powered by Capital Market - Live News

Ashapura Minechem will hold a meeting of the Board of Directors of the Company on 14 February 2024.Powered by Capital Market - Live News

Net profit of Ashapura Minechem rose 1067.91% to Rs 59.33 crore in the quarter ended September 2023 as against Rs 5.08 crore during the previous quarter ended September 2022. Sales rose 180.20% to Rs 554.07 crore in the quarter ended September 2023 as against Rs 197.74 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales554.07197.74 180 OPM %5.502.37 - PBDT40.2220.29 98 PBT20.901.25 1572 NP59.335.08 1068 Powered by Capital Market - Live News

Ashapura Minechem will hold a meeting of the Board of Directors of the Company on 6 November 2023.Powered by Capital Market - Live News

On Saturday, September 16, 2023, Ashapura Holdings (UAE) FZE (a step-down subsidiary of Ashapura Minechem) concluded & signed 2 contracts for the supply of Bauxite from Guinea and Ashapura Guinea Resources SARL (a step-down subsidiary of Ashapura Minechem) concluded & signed a contract for the supply of Iron Ore from Guinea. The two contracts for supply of 24 million tons of Bauxite from Guinea were signed with a subsidiary of the Chinese aluminium major, State Power Investment Corp (SPIC); the first contract, a 3 million tons per annum supply contract for 3 years and the second contract, a 3 million tons per annum supply contract for 5 years. SPIC, a Fortune Global 500 company, is one of China`s largest state-owned conglomerates having total assets of USD 112 billion integrated over nuclear power, thermal power, coal, aluminum, logistics, finance, environmental protection and high-tech industries. The contract to supply 10 million tons of Iron Ore was signed with Tai He Mining, whereby 2 million tons per annum of Iron Ore will be supplied for 5 years. Tai He Mining is a Chinese Iron Ore major with the latest technology to upgrade & process Iron Ore.Powered by Capital Market - Live News