Maan Aluminium Limited — Important, 27-12-2024: Commencement of commercial production/operations

The commencement of commercial production for a new 30 MN short stroke back loading press and complete handling system marks a significant operational advance for Maan Aluminium. The new machine is expected to enhance their ability to serve both the Indian and global markets effectively. The key benefits include facilitating the production of 300 mm wider profiles and the capability to extrude a range of alloys from series 1xxx to 7xxx. This development will double the company’s annual production capacity from 12,000 MT to 24,000 MT, indicating a positive outlook for future growth and market reach. Investors should watch closely as this expansion could strengthen Maan Aluminium’s competitive position.