Saturday, June 2, 2007

Jamnagar - Ashapura Minechem gets approval for EOU

Jamnagar based Ashapura Minechem Ltd has announced that on applications made to the Development Commissioner, Kandla SEZ, Gandhidham, Kutch, the Company has received approvals vide their permission dtd. May 21, 2007 and dtd. May 17, 2007 to set up 100% Export Oriented Units (2 nos.) for Processed Bauxite at Jamnagar.

The said permissions are valid upto May 20, 2012 and May 16, 2012 respectively.

The grant of EOU status and operation of the said Units is likely to have a materially positive impact on the profitability of the Company.

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