India's Ashapura Minechem hits record high on deal with China Railway

Ashapura Minechem

20/01/2025 06:01

** Minerals provider Ashapura Minechem  ASHM.NS  rises 10%
to lifetime high of 571.55 rupees; set for fifth straight
session of gains
    ** Company's arm signs MoU with China Railway to jointly
develop Fako bauxite deposit in Guinea's Kindia region
    ** ASHM says deal will boost Ashapura Minechem's production
capacity
    ** No financial details of the deal has been disclosed
    ** Around 1.6 million shares traded, 3x the 6-month daily
avg
    ** Stock fell 7.5% in 2024

 (Reporting by Vivek Kumar M)
 ((vivekkumar.m@thomsonreuters.com))