The abovementioned project may set to transform one of Guinea's most underdeveloped regions by creating job opportunities. It will also boost company’s production capacity while driving economic growth and improving lives of local communities in the Fako region.
Ashapura Minechem is engaged in the mining, manufacturing and trading of various minerals and its derivative products and related services.
The company’s consolidated net profit declined 25.3% to Rs 44.33 crore in Q2 FY25 as compared with Rs 59.33 crore in Q2 FY24. Net sales increased 9% YoY to Rs 604.10 crore during the quarter.
The scrip rallied 9.99% to end at Rs 519.65 on Friday, 17 January 2025.