MMP Industries Ltd share Price Today

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 changed to "Maharashtra Metal Powders Private Limited" on October 18, 1984. Further, Company converted into a Public Limited Company and name was changed to "Maharashtra Metal Powders Limited" on December 28, 1994 and further, the name was changed to "MMP Industries Limited" on June 19, 2012. The Company is primarily engaged in the business of manufacturing, selling, distribution and trading of Aluminium Powder, Aluminium Pyro and Flake Powder, Aluminium Paste, Aluminium Conductor and Aluminium Foils. The Company is also engaged in trading and manufacturing of MnO and MnO2 Powder. 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 known as Toyal MMP India Private Limited. The Company holds 26% shareholding in this JV Company. The commercial production in this unit 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). From a start up capacity of 300 MTPA in 1983 of pyro and flake aluminium powders, the capacity presently is 7,860 MTPA. In addition, Atomised powder capacity is 7,200 MTPA including for captive consumption and aluminium paste capacity of 1,500 MTPA. The aluminium conductor capacity is presently 7,200 MTPA. Commercial operations of the Umred Powder Plant facility began in October, 2019. The Company commissioned an additional Pyro and Flake Powder capacity of 1000 MTPA in FY 2021-22.

MMP Industries share price as on 18 Jul 2024 is Rs. 302.3. Over the past 6 months, the MMP Industries share price has increased by 54.79% and in the last one year, it has increased by 51.45%. The 52-week low for MMP Industries share price was Rs. 182.6 and 52-week high was Rs. 323.2.