MMP Industries Ltd

(MMP)

MMP Industries Limited was originally incorporated as a private limited company with the name Semi Conductor Packages Private Limited on October 8 1973. Subsequently the name of the company was changed to Maharashtra Metal Powders Private Limited on October 18 1984. Further the Company was converted into a public limited company and consequently the name of the Company was changed to Maharashtra Metal Powders Limited on December 28 1994. Subsequently the name of the company was changed to MMP Industries Limited on June 19 2012. The Company is engaged in manufacturing of aluminium products at locations at and close to Nagpur. Its aluminium product range includes pyro and flake aluminium powders atomised aluminium powders aluminium pastes aluminium conductors all aluminium alloy aluminium and aluminium steel reinforced. Aluminium powders pyro flake and atomised are used in many industrial sectors like construction AAC Blocks and mining Aluminised slurry explosives agriculture pesticides defence ammunition fire crackers railways thermit portions etc. Aluminium pastes are used in automotive decorative and industrial paints. Aluminium Conductors are consumed by the power sector for laying of overhead transmission lines.The Company has entered into a Joint Venture with Toyo Aluminium K.K. of Japan for the manufacturing of specialty aluminium pastes in a new company Toyal MMP India Private Limited. The Companys association with Global Industry leader Toyo Aluminium K.K. Japan would help in moving up the value chain alongside technological support. The Company holds 26 shareholding in this JV Company. The commercial production in this unit has commenced in February 2018.The Company set up its first capacity in 1983 for pyrotechnic aluminium powders in technical collaboration with A. Van Lerberghenv Belgium now called AVL Metal Powders nv. The Company has further entered into a License Agreement with A. Van Lerberghenv for the production of aluminium powder for light weight concrete. The agreement is a continuing one and has been extended till April 30 2020 vide an addendum to license agreement.From a start up capacity of 300 MTPA in 1983 of pyro and flake aluminium powders the capacity presently is 7860 MTPA. In addition Atomised powder capacity is 7200 MTPA including for captive consumption and aluminium paste capacity of 1500 MTPA. The aluminium conductor capacity is presently 7200 MTPA. The Company is constantly adding more capacities for Powder and Conductors to meet the growing demand of its products.In addition the Company holds shareholding in Star Circlips Engineering Limited 26.06. Star Circlips Engineering Limited is the manufacturer of Circlips retaining rings washers shims and formed components used in auto and auto component industries.With over 3 decades of experience the company has developed in depth ability to understand process related problems and fine tuning of its products to suit customer needs which has carved a niche for the Company among its customers..

Share Price: ₹378.25 per share as on 21 Oct, 2024 04:01 PM
Market Capitalisation: ₹975.59Cr as of today
Revenue: ₹155.51Cr as on June 2024 (Q2 24)
Net Profit: ₹11.33Cr as on June 2024 (Q2 24)
Listing date: 12 Apr, 2018
Chairperson Name: Arun Raghuvirraj Bhandari