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Stock Report
HMA Agro Industries Ltd enters into MOU with Perbadanan Kemajuan Pertanian Selangor
Posted On : 2024-10-19 14:41:15( TIMEZONE : IST )
HMA Agro Industries Limited ("HMA" or "the Company") has entered into a Memorandum of Understanding ("MOU") with Perbadanan Kemajuan Pertanian Selangor ("PKPS" or "Selangor Agricultural Development Corporation"), a government entity from the state of Selangor, Malaysia which was signed today in presence of Hon'ble Chief Minister of Selangor state of Malaysia.
The MOU outlines a strategic joint collaboration between HMA and PKPS for the supply of frozen boneless buffalo meat and exploring other initiatives, including joint research projects to address challenges by leveraging the expertise of both organizations.
Benefits for HMA Agro Industries Limited and both countries:
Strengthening International Presence: This partnership marks a significant step in expanding HMA's international footprint, particularly in Malaysia and the broader Association of Southeast Asian Nations (ASEAN) region, enhancing the company's global market access.
Economic and Trade Relations: The MOU will foster improved trade relations between India and Malaysia, promoting mutual growth in the agricultural and food processing sectors.
Collaborative Research and Innovation: The joint research initiatives will allow both parties to tackle common industry challenges, furthering advancements in meat processing technology and supply chain efficiency.
Enhanced Product Reach: With the support of PKPS, HMA will have enhanced distribution capabilities, ensuring a steady and quality supply of meat products to meet the growing demand in Malaysia and other Asian markets.
This collaboration aligns with the company's strategy to increase its global presence while contributing to the bilateral trade objectives of India and Malaysia.
Shares of HMA Agro Industries Limited was last trading in BSE at Rs. 44.99 as compared to the previous close of Rs. 45.24. The total number of shares traded during the day was 20205 in over 433 trades.
The stock hit an intraday high of Rs. 45.36 and intraday low of 44.71. The net turnover during the day was Rs. 910327.00.
