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Ashapura Minechem




Ashapura Minechem (MP 361.35 at BSE as on 19/11/2007)
(Exbonus - 1:1 Dated 20/10/2007)
BSE Id - 527001
NSE Id - ASHAPURMIN
Compnay Website - http://www.ashapura.com/
Last Dividend - Rs 3 (150%)
Established in 1960 the Ashapura group is India’s largest muti-mineral solutions provider. Its flagship company Ashapura Minechem Ltd. is listed on India’s premier exchanges. Ashapura Minechem Ltd. which is a part of the BSE Midcap & BSE 500 indices was ranked 4th in terms of Net Profit growth and 21st in terms of Super Rank by Business Standard (December 2006). The multinational group has mining & mineral processing facilities in Belgium, Nigeria,Oman and Malaysia; in India it operates from Gujarat, Maharashtra, Karnataka, Kerala, Andhra Pradesh and Orissa.


The Ashapura group is one of the largest exporters of traded bauxite in the world and is amongst the world’s top five Benonite companies.
Ashapura also dominates the value added segments in the country for Bleaching Clay, Geosynthetic Clay Liners, Clay Catalysts and Calcined Bauxite.

Research Reports

1. Asit C Mehta Investments Intermediates Ltd. Report. Reco. BUY

2. Emkay Review. Positive on the Stock


3. Motilal Oswal. Target price revised to Rs435 (As on 19/6/2007)


News Items.


The Hindu Business Line : Ashapura Minechem net doubles; to pay 150% (Sunday, Jun 17, 2007)


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