Alawi Enterprises LLC has bought out complete shareholding of Ashapura Group from India in Ashapura Zawawi Minerals LLC, Oman. The company has also been renamed as Zawawi Minerals LLC.
"Zawawi Minerals LLC, which is now a 100% Omani Company has already set up a strong geology and mining team and intents to invest in the business in a big way. We are keen to take the company to the next level by investing in to value added processing and manufacturing. The Company has also been able to secure valuable export orders. We envisage dynamic growth prospects for the company, especially considering the industry friendly policies of the Government under the wise leadership of His Majesty Sultan Qaboos Bin" said Mr. Sasi Madathil, CEO of the Group.