Mohit Aggarwal highlights the future endeavors of Aastha Group

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Mohit Aggarwal CMD at Aastha Group

Aastha Group is one of the leading procurement and trading companies in India which has established benchmarks of quality and excellence in the Energy, Steel and Construction Sector. From a steel trading company, the company expanded its areas of operations and moved into coal, buying it from overseas. However, instead of looking for buyers, the company began trading it on the commodity exchange basis. This proved to be an indisputable advantage for the company. A time period of 90 to 120 days is provided to the coal buyers to make payment after receiving their supplies. The concept of commodity exchange ensured payments within 10 to 15 days to the Aastha Group. It severed immense advantage providing Aastha Minmet India Pvt. Ltd. another 75 to 105 days to pay its suppliers and use the money to buy more coal and trade that on the exchange as well. Since its inception, the company has achieved commendable success under the leadership of Mohit Aggarwal, Chairman and Managing Director, AMIL. Starting with 20,000 tonnes of coal in 2011/12, mainly from Indonesia, AMIL now imports a million tonnes.
The company specializes in various diverse sectors like Steel industry with two manufacturing capacities in Maharashtra and Andhra Pradesh, Mining with Chrome ore mines in Turkey. Aastha Group is one of the major importers of Coal in India from South Africa, Indonesia, Mozambique, USA and Australia. The revenue of the company amounted to around 165 crore in the year 2011-12. The revenue of the company amounted to around 165 crore in the year 2011-12.
They talking about the future plans and endeavors of the company, Mohit Aggarwal, Aastha Group stated that this year (2013-14) the company plans to import three million tonnes of coal. He further added that the company looks forward to sell coal to small power companies whose projects have stalled due to non- availability of coal and in return get power which will be traded on the power exchange.

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rizwanakhan

I am independent journalist, columnist and media consultant.My special areas of interest are environmental and developmental issues.
  • Mukesh

    very informative article,nice!

  • Sunitha Malhotra

    Thanks rizwana for this knowledgeable article.

  • kamlesh sharma

    Nice and informative article as it talks about the Aastha group which is one of the leading and trading company in the Energy, Steel and Construction Sector and they has established the benchmarks of quality and excellence.

  • hamedra rajavat

    This article has also provided various information about the endeavors of the company and their future plans.They are one of the most trusted and reliable group.

  • bhawna sharma

    Mohit aggarwal also stated the fact about the concept of commodity exchange which made payments within 10 to 15 days to the Aastha Group and this concept has really provided fruitful to the company.

  • rehmaan khan

    Astha group is playing important role in providing the developing sources to indian goverment. I am glad to be the part of this developing path. Thumps up for the astha group.

  • ajit kumar sinha

    This article gives me the lots of business devloping information, mohit sir is one the best entraprenuer in my opiniun.

  • sandy hussian

    Mr. mohit have given the strong points to succesfully driven the local or natiional business. I am strongly appreciating his article.

  • prasoon mehra

    The fact of commodity exchange in which we made payments within 10 to 15 days, was really so good plan, as per him and yes it was..

  • avdeshcratauri

    I can trust on the groups mentioned here by the mohit sir, I am thankful to him for sharing this information with public.

  • Amie Mathew

    Mohit Aggarwal seems to be a man of great wit and intellect. His views on coal and mining are quite reliable. They are based on facts and can guide you the best.

  • nikhil kapoor

    Sir you are making Indians proud. And encourages us to do better in our life. Eagerly waiting for your next article of success.

  • Reshma Aggarwal

    Great news for aastha group. It clearly reflects the bright future the company has. Looking forward to its future endeavors.