Ashapura Minechem has received approval for 100% subscription to incorporate a wholly owned subsidiary of the Company namely ‘AQ Minerals’. The incorporation of the wholly owned subsidiary will leverage the growth opportunities in the mining industry and will help the Company in becoming more agile.
The Board of Directors of the Company at their meeting held on August 13, 2024 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.
