Ashapura Minechem has received an approval for sale/transfer of its Chamotte Plant to Orient Abrasives, an Associate Company, subject to the approval of Shareholders by way of postal ballot. The company shall receive consideration of Rs 21 crore for the said sale/transfer. The Board of Directors of the company at its meeting held on April 21, 2023 has approved the same.
Ashapura Minechem is the mine owner and exporter of bentonite. The company also has business interests in iron ore, bleaching clay, kaolin and barites. They have also recently diversified into bauxite.
