
AlA Engineering Limited has announced that its wholly-owned subsidiary, Vega Industries (Middle East) FZC (VEGA ME), will establish manufacturing facilities in China and Ghana for producing Hi-Chrome Grinding Media using distinct technology. This expansion aims to address logistics and supply chain challenges, offering improved market access, better product availability, and cost reductions for customers.
VEGA ME is also exploring options in Indonesia and other regions for additional facilities. These new facilities, each with a planned capacity of 50,000 MTPA, will contribute to a total capacity of 100,000 MTPA over three years. The investment required for this expansion is approximately USD 50 million, to be financed through internal accruals.
This decision was confirmed by the Board of Directors of AlA Engineering at a meeting held on January 16, 2025.
In the meantime, AlA Engineering shares closed at ₹3,500.00, up from an opening price of ₹3,440.50. The stock reached a high of ₹3,513.25 and a low of ₹3,420.00 during the session. The 52-week high stands at ₹4,949.95, while the 52-week low is ₹3,275.0