MAAN Aluminium sees a 3% jump in shares following new press commencement
MAAN Aluminium Limited, one of the pioneers in the Indian aluminium extrusion industry, has experienced a 3 per cent jump in shares following the commencement of commercial production at the newly installed 30 MN short stroke back loading press.
Image Source: LinkedIn, MAAN Aluminium Ltd
The new press, equipped with advanced technologies, has doubled the production capacity from 12,000 tonnes to 24,000 tonnes. It supports 30 mm wider profiles and enables the production of all series alloys (1xxx to 7xxx), strengthening MAAN Aluminium’s position in the Indian and international markets.
The press with cutting-edge technologies can streamline operations and enhance production efficiency, boosting the company’s competitiveness in the global aluminium extrusion market.
On December 27, MAAN Aluminium’s shares opened at INR 132.45 and reached as high as INR 138 after touching a low of INR 131.50 during trading. Thus, the stock stood well below a 52-week high of INR 259 but stayed above the 52-week low of INR 111.40.
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