AASTHA GROUP has ventured into mining of Chrome Ore, a commodity used in manufacturing of alloys and strong steel. The Company is in process to acquire mine in Turkey. These mines produce high grade Chrome Ore technically termed as ‘Enriched Chrome Ore Cr42%.
AASTHA GROUP has also long term relation with mines in Turkey for Manganese Ore to be imported and sold to various alloys manufacturing industries in India and China. China is a large consumer for high grade Chrome, we ship the commodity in containers and have long term contracts for regular supply. The ores are also imported and stocked at Vizag and Kandla Port in India on the East & West Coast respectively.
Steel industry might have seen some roller coaster ride but as estimates mentioned, it’s only going to grown with India in the coming decades, so will the demand for the basic raw material Iron Ore. Aastha has signed exclusive contracts for procurement of high grade Iron Ore from Mali in West Africa and Malaysia. Our brand reputation and good will has earned us these contracts. We are importing iron ore lumps in bulk from these countries. Gujarat, Maharashtra and Chhattisgarh have one of the best blast furnaces in India and we are regular supplier to these units. We trade in volumes of 50,000 MT/annum of Iron Ore in containers. We have tied up with mine owner based out of Goa and Orissa in India for domestic procurement of iron ores. In the coming months we are going to trade in large cape size vessels.
We own a stake in a Iron Mine situated in Bellary, Karnataka which has an estimated deposit strength of 25mn MT and commencement of the same is already underway.