Introduction:
Leading aluminium manufacturer announces plans to expand its production capabilities. The company has acquired a new facility in Devas, Madhya Pradesh, covering 13,117 square meters, with an investment of ₹8.75 crore to enhance its aluminium extrusion and value-added services.
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Share price movement of Maan Aluminium:
On March 6, 2025, Maan Aluminium Ltd. opened at ₹96.00, up 1.77% from its previous close of ₹94.33. The stock reached a high of ₹99.00 (up 4.73%) and a low of ₹94.00. By 2:53 PM, it traded at ₹98.79, a 4.73% increase, with a market cap of ₹534.30 crore.
Maan Aluminium Expands Manufacturing Capabilities:
Maan Aluminium Limited has announced its plans for the expansion of its manufacturing business, focusing on Aluminium Extrusion and value-added services. The company aims to enhance its production capacity, boosting its competitive edge in the market.
As part of this expansion, Maan Aluminium has acquired a building and leasehold land in Devas, Madhya Pradesh. The newly acquired land spans approximately 13,117 square meters, which will be utilized for the enhanced manufacturing setup.
The total investment for the project amounts to ₹8.75 crore, excluding stamp duty and other charges. This move is expected to strengthen the company’s position in the aluminium industry and offer substantial growth opportunities.
Stock performance of Maan Aluminium for Period of 1 week, 6 months, and 1 year:
Maan Aluminium Ltd. has shown a 1.60% return over the past week. However, its performance over the last six months and one year has been challenging, with returns of -27.5% and -32.8%, respectively, reflecting a decline in stock value.
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Shareholding pattern of Maan Aluminium:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 58.90% | 58.90% | 58.90% |
| FII | 0.40% | 0.40% | 0.30% |
| DII | 0.50% | 0.00% | 0.00% |
| Public | 40.20% | 40.70% | 40.80% |
About Maan Aluminium:
Maan Aluminium Ltd. (NSE: MAANALU) was incorporated in 2003 and specializes in the manufacturing and trading of aluminium profiles, anodizing, fabrication, aluminium ingots, and billets, catering to various industries with high-quality aluminium products.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
