Ashapura Minechem

Adani, Ashapura in JV to set up Rs 10,000

Posted by : Guest
Price when posted : BSE: Rs 117.90 ( 2.52 % ), NSE: Rs. 118.20 ( 2.96 % )

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Adani, Ashapura in JV to set up Rs 10,000-cr aluminium refinery

Maulik Pathak & Harit Mehta / Ahmedabad August 27, 2008, 0:37 IST



The Adani Group has tied up with Ashapura Minechem, a multi-mineral solutions provider, to set up a Rs 10,000-crore aluminium refinery at Mundra in Gujarat.


Adani Group Chairman Gautam Adani said the company was negotiating a 50:50 joint venture with the Ashapura group. The project would require 1,000 mw power, which will be sourced from Adani’s Mundra power project.

The refinery will produce one mmtpa of alumina and 0.5 mmtpa of aluminium. An alumina extraction unit will be set up in the first phase at a cost of Rs 3,500 crore. A smelting unit will come up later, taking the overall project cost to Rs 10,000 crore.

Ashapura was planning to set up an alumina refinery since the last five years, but the project had run into legal tangles.

Ashapura had earlier roped in China’s Qingtongxia Aluminium group for a 50:50 joint venture. However, the company pulled out of the project, according to sources close to the development.

Bauxite will be the main raw material used in the refinery. Ashapura has bauxite mines in Gujarat and is buying some more. It also entered into an agreement with the state-owned Gujarat Mineral Development Corporation (GMDC) last year for supplying 2 mmtpa to 2.5 mmtpa tonnes of bauxite.

Ashapura agreed to buy bauxite from GMDC as per the London Metal Exchange price. GMDC has the option of picking up to 26 per cent stake in the project.

Gujarat has nearly 80 million tonnes of bauxite, enough to sustain the refinery for 30 years
...

Ashapura mines - bottoming out!!

Posted by : pythagoras
Price when posted : BSE: Rs 115.00 ( -2.17 % ), NSE: Rs. 114.80 ( -2.51 % )

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Please see the BSE/NSE Announcements in this site itself.AGM is due next month....

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Ashapura mines - bottoming out!!

Posted by : subu

dear sir, can anyone advise me about the dividend payment for Ashapura Mines, i am told they have given dividend, please someone advise me, thanks, regards subu

NSE Announcements on Ashapura Mine

Posted by : MMB Messenger
Price when posted : [Ashapura Mine - BSE:Rs. 117.55 NSE:Rs. 117.75 when posted]

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Ashapura Minechem Ltd has informed the Exchange that the Annual General Meeting of the Company is scheduled on September 24, 2008. The Register of Members and Share Transfer Books of the Company will remain closed from September 17, 2008 to September 24, 2008 (both days inclusive) for the purpose of payment of Dividend of Rs.1.60 per share, if approved at the Annual General Meeting....

BSE Announcements on Ashapura Mine

Posted by : MMB Messenger
Price when posted : [Ashapura Mine - BSE:Rs. 118.50 NSE:Rs. 118.70 when posted]

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Ashapura Minechem Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 17, 2008 to September 24, 2008 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company to be held on September 24, 2008....

BSE Announcements on Ashapura Mine

Posted by : MMB Messenger
Price when posted : [Ashapura Mine - BSE:Rs. 118.55 NSE:Rs. 118.65 when posted]

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Ashapura Minechem Ltd has informed BSE that the Company has designated the following Email Id for the Grievance Redressal Division / Compliance Officer for registering complaints by investors

cosec@ashapura.com...

GMR Ferro Alloys - Take a look

Posted by : ShockMarket
Price when posted : BSE: Rs 124.55 ( 2.17 % ), NSE: Rs. 124.10 ( 1.76 % )

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GMR Ferro has been acquired by Cronimet, a German player in conjunction with Dubai investors. It has reported an EPS of Rs 9.91 for the first quarter of FY09 where as the EPS for the whole of FY08 was only Rs 2.19!

Please find the detailed research on my homepage.

Enjoy!
Shock!...

Ashapura mines - bottoming out!!

Posted by : subu
Price when posted : BSE: Rs 124.80 ( 2.38 % ), NSE: Rs. 125.00 ( 2.50 % )

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dear sir, can anyone advise me about the dividend payment for Ashapura Mines, i am told they have given dividend, please someone advise me, thanks, regards subu...

In reply to:

Ashapura mines - bottoming out!!

Posted by : subu

dear sir, can anyone advise me about the dividend payment for Ashapura Mines, i am told they have given dividend, please someone advise me, thanks, regards subu

Ashpura mining

Posted by : Guest
Price when posted : BSE: Rs 125.90 ( -1.06 % ), NSE: Rs. 126.20 ( -0.63 % )

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As per insider sources, reputed company Amcol International purchased some big stake in Ashapura Minechem Ltd., some more stack will purchase by open offer, the same price depends on last 3 years EPS. Please share information about this....

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Ashpura mining

Posted by : zoombusiness

ASHAPUR movingggggggg call given AT 126 few mins back on moneycontrol cmp 127.5 watch it ..it will run now..

Posted by : Vinay Goyal
Price when posted : BSE: Rs 127.40 ( 0.12 % ), NSE: Rs. 127.70 ( 0.55 % )

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exit now and buy at 112 big fii seems selling...

Ashpura mining

Posted by : zoombusiness
Price when posted : BSE: Rs 127.00 ( -0.20 % ), NSE: Rs. 127.25 ( 0.20 % )

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ASHAPUR movingggggggg call given AT 126 few mins back on moneycontrol cmp 127.5 watch it ..it will run now.....

Ashapur Mine timeless pick

Posted by : 9975797577
Price when posted : BSE: Rs 127.00 ( -0.20 % ), NSE: Rs. 127.25 ( 0.20 % )

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It Seems Ashapur Minchem is retracing cmp 126 its best time to catch this with sl of 114 for tgt of 142 and 150 respectivly...

Ashapur Minchem

Posted by : zoombusiness
Price when posted : BSE: Rs 126.95 ( -0.24 % ), NSE: Rs. 126.90 ( -0.08 % )

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It Seems Ashapur Minchem is retracing cmp 126 its best time to catch this with sl of 114 for tgt of 142 and 150 respectivly

-stoxandmore courtesy-...

Ashapura Minechem is a good BUY at current levels!

Posted by : pythagoras
Price when posted : BSE: Rs 127.25 ( 9.98 % ), NSE: Rs. 127.00 ( 10.05 % )

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Buy Ashapura Minechem,as the Cos efforts will bear fruit in the first half of 2009. ...

ASHAPUR MIN

Posted by : zoombusiness
Price when posted : BSE: Rs 122.50 ( 5.88 % ), NSE: Rs. 124.30 ( 7.71 % )

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ASHAPUR MIN rockening from 114 yesterda to 124 today
call given at 112 yesterday by s and m...

Will it rise to old highs???

Posted by : Guest
Price when posted : BSE: Rs 116.90 ( -1.14 % ), NSE: Rs. 116.80 ( -1.14 % )

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You would have to average at this price my dear friend. Otherwise to wait for a price of 355 to come is like sitting under an apple tree with your mouth open and waiting for the apple to fall....

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Will it rise to old highs???

Posted by : Guest

I am stuck at 355 levels. I am a naive investor & I do not understand much about markets. Can anyone help me out telling will it rise back & will I ever get return on my investment. If yes, how much time will I have to wait?

i am very anxious to know