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Ashapura Minechem gains as its arm executes co-operation agreement with China Railway
Sep-17-2025

Ashapura Minechem is currently trading at Rs. 628.35, up by 7.95 points or 1.28% from its previous closing of Rs. 620.40 on the BSE.

The scrip opened at Rs. 625.55 and has touched a high and low of Rs. 644.00 and Rs. 625.55 respectively. So far 34714 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 645.65 on 15-Sep-2025 and a 52 week low of Rs. 199.95 on 29-Oct-2024.

Last one week high and low of the scrip stood at Rs. 645.65 and Rs. 586.75 respectively. The current market cap of the company is Rs. 6013.37 crore.

The promoters holding in the company stood at 47.75%, while Institutions and Non-Institutions held 16.64% and 35.60% respectively.

Ashapura Minechem’s overseas subsidiary has now executed a long-term Strategic Co-operation Agreement on September 15, 2025 in China, with China Railway to jointly develop its Boffa bauxite deposit in Guinea.

In terms of the said agreement, China Railway will support Ashapura in its mining operations, local logistics and port handling & infrastructure services. This collaboration will boost Company’s production capabilities while driving economic growth and improving lives of local communities in the region. It underlines co-operation alignment to sustainable development, economic upliftment and community welfare in Guinea.

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.

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