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Ashapura Minechem to invest Rs 300 crore in setting up nitric acid plant
The company plans to set up a 1,20,000 tonne per annum nitric acid plant at Dahej, Gujarat.
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Ashapura Minechem's Q3 net profit rises 22% to Rs 110 crore
The company's revenue from operations grew by 20% to Rs 835 crore in the quarter ended December 2022.
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Ashapura Minechem to acquire majority stake in Aarti Pharmalabs
The acquisition will help Ashapura Minechem expand its presence in the pharmaceutical industry.
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Ashapura Minechem to set up Greenfield project for Caustic Soda, Chlorine
The project involves setting up a Greenfield Caustic Soda, Chlorine plant at Dahej, Bharuch district, Gujarat. The environmental clearance for the project has been received.
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Ashapura Minechem receives environmental clearance for Caustic Soda, Chlorine plant
The project involves setting up a Caustic Soda, Chlorine plant at Dahej, Bharuch district, Gujarat. The environmental clearance for the project has been received from the Ministry of Environment, Forest and Climate Change (MoEF&CC).
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Ashapura Minechem announces Q3FY23 results
The company reported a revenue of Rs. 974.33 crore for the quarter ended December 31, 2022, up by 11.4% YoY. The net profit for the quarter stood at Rs. 108.38 crore, up by 20.6% YoY.
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Ashapura Minechem Q1 Results: Net profit drops 58.8% to Rs 20.5 crore on low sales
Ashapura Minechem's net profit fell 58.8% to Rs 20.5 crore in Q1FY23 from Rs 49.9 crore in Q1FY22 as Covid-led curbs in China impacted sales of its key product, soda ash.
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Ashapura Minechem plans Rs 1,500 cr capex in FY23
Ashapura Minechem plans to invest Rs 1,500 crore in capital expenditure (capex) in the current fiscal year ending March 2023, the company said in a statement.
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Ashapura Minechem Q4 net profit rises 19.4% to Rs 38.8 crore
Ashapura Minechem's net profit rose 19.4% to Rs 38.8 crore in the fourth quarter ended March 2022 from Rs 32.5 crore in the corresponding quarter last year.
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Ashapura Minechem Ltd - New Business Development
The Board of Directors of Ashapura Minechem Ltd at its meeting held on May 12, 2023, has considered and approved incorporation of a new Wholly Owned Subsidiary Company with an initial contribution of Rs.10000000/- (Rupees One Crore Only) for carrying out the business of manufacturing and trading of Ferro Alloys.
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Ashapura Minechem Ltd - Board Meeting Outcome
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held on Monday, 9th May, 2023 has inter-alia considered and approved the following:
1. Allotment of 80,00,000 Equity Shares of the face value of Rs.10/- each to the Eligible Qualified Institutional Buyers (QIBs) at a price of Rs. 119.01/- per Equity Share (including a premium of Rs. 109.01/- per Equity Share), aggregating to Rs. 952,08,00,000/- (Rupees Nine Hundred Fifty Two Crores Eight Lakhs only) on preferential basis, by way of Private Placement, subject to the approval of shareholders of the Company.
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Ashapura Minechem Ltd - Resignation of Independent Director
This is to inform that Mr. Kirit Manharlal Modi (DIN: 00301609) has tendered his resignation as an Independent Director of the Company with effect from 26th April, 2023 due to his personal reasons.
