Aluminium & Aluminium Products
|Market Cap||327 Cr||EPS||8.1||High||135|
|Stock P/E||15.9||Net Profit Margin||2.2||Low||130.1|
About the Company
The company was originally incorporated as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation issued by the Registrar of Companies, Rajasthan, Jaipur dated October 8, 1973 with the name ‘Semi Conductor Packages Private Limited’. Subsequently the name of the company was changed to ‘Maharashtra Metal Powders Private Limited’ and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Maharashtra, Bombay on October 18, 1984. Subsequently, the Company was converted into a public limited company pursuant to approval of the shareholders at an extraordinary general meeting held on May 13, 1994 and consequently, the name of the Company was changed to ‘Maharashtra Metal Powders Limited’ and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies, Maharashtra, Bombay on December 28, 1994. Subsequently, the name of the company was changed to ‘MMP Industries Limited’ and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Maharashtra, Mumbai on June 19, 2012.
MMPIL 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. Its association with Global Industry leader -Toyo Aluminium K.K., Japan would help in moving up the value chain alongside technological support. Company holds 26% shareholding in this JV Company. The commercial production in this unit has already commenced in February 2018.
The company is engaged in manufacturing of aluminium products that includes pyro and flake aluminium powders, atomised aluminium powders, aluminium pastes, aluminium conductors (all aluminium, alloy aluminium and aluminium steel reinforced). Its Unit I and Unit IV (NPM Industries) are engaged in the manufacturing of aforesaid Products, Unit III (Mars Industries) is engaged in the manufacturing of manganese oxide and di-oxide powders and Unit II (H.M. Engineering) is engaged in job work of sheet metal components for Group Entity, Star Circlips & Engineering Limited.
Major Events and Milestones:
1973: Incorporation of the Company.
1983: The Company had set up its first BM 1 with installed capacity of 300 MTPA for pyrotechnic aluminium powders in technical collaboration with Ets. Andre Van Lerberghe, Belgium (AVL)
1984: Change of Name of the Company to Maharashtra Metal Powders Private Limited
1994: Conversion of the Company into Public Limited from Private Limited.
2009: Pursuant of Scheme of Amalgamation, Maharashtra Industrial Exports Private Limited and Nagpur Pulverisers & Minerals Private Limited were amalgamated with the Company
2012: Change of Name of the Company to MMP Industries Limited
2011-13: The Company acquired 26.06% stake in Star Circlips & Engineering Limited
2016: The Company entered into a Joint Venture Agreement with Toyo Aluminium K.K., Japan for manufacturing and sale of aluminium pastes through a Joint Venture company 'Toyal MMP India Private Limited' of which the Company holds 26.00%.
2016: The Company entered into a Technology Agreement dated February 1, 2016 with Toyo Aluminium K.K., Japan for manufacturing of new-aluminium paste products being Leafing Aluminium Paste.
2017: The Company received ‘VIA-Solar Vidarbha Udyog Gaurav’ in the Medium Scale Industry Category from Vidarbha Industries Association for its outstanding contribution to Industrial Development of Vidarbha.
|Parent Organisation||MMP Industries Ltd.||Managing Director||Arun Bhandari|