Maan Aluminium Limited (MAL) shares jumped 3% following the announcement of commercial production from its newly installed 30 MN short stroke back loading press. This strategic move aligns with MAL’s expansion plans announced on May 13, 2023, and November 27, 2024.
Key Highlights:
- Enhanced Capacity: Annual production capacity doubles from 12,000 MT to 24,000 MT.
- Advanced Capabilities: New extrusion line supports 300 mm wider profiles and enables the production of all series alloys (1xxx to 7xxx).
- Global Reach: Strengthens MAL’s ability to cater to Indian and international markets.
This cutting-edge press is expected to streamline operations and boost the company’s competitiveness in the global aluminium extrusion market.
Maan Aluminium shares opened at ₹132.45 today, reaching a high of ₹138.00 and a low of ₹131.50 during trading. The stock remains well below its 52-week high of ₹259.50, while staying above its 52-week low of ₹111.40.
As of 2:02 p.m., Maan Aluminium shares were trading 3.62% higher at Rs 137.25 on the NSE.
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