fbpx

AIA Engineering Ltd

AIA Engineering Ltd (2098 to 3380)

#AIAENG
Recommended on: 29-June-2022
Recommended Price: 2098
Today’s High: 3380
Till Date Return: 61.06%
Date High Made: 15-Jun-2023

Grab Highly Convincing Stocks Ideas for Free at: https://ttttt.me/StockTechnoFundaIdea

Join our Email News Letter at: https://joinfree.stocktechnofundaideas.com/

Contact Us on Email: info@stocktechnofundaideas.com

Contact Us on WhatsApp: https://api.whatsapp.com/send?phone=917778018979

AIA Engineering Ltd: A Leading Manufacturer of High Chrome Mill Internals

AIA Engineering Ltd. is a prominent manufacturer of High Chrome Mill Internals, with a current annual production capacity of 3,90,000 MT. The company specializes in mineral grinding for Iron, Gold, and Copper, which represent the largest share of the market.

Potential for Growth: Converting Forged Grinding Media to High Chrome

With an estimated annual replacement requirement of 2.5 million tons of Grinding Media, AIA Engineering Ltd. is well-positioned to convert Forged Grinding Media to High Chrome, which currently accounts for less than 20% of the market.

Serving National and International Markets:

AIA Engineering Ltd. serves the cement, power, mining, and aggregates markets both nationally and internationally, under the brand names Vega’ and AIA’.

A Rich History of Collaborations and Acquisitions:

The company has a rich history, having been incorporated on March 11, 1991, with the name Magotteaux (India) Pvt Ltd. Over the years, AIA Engineering Ltd. has made several strategic collaborations and acquisitions, including a technical collaboration with Southwestern Corporation (SWC), USA, and an association with Alstom for process know-how for Stein designed mills for power plants.

Expansion Plans: Brownfield Expansion at Existing Plant

AIA Engineering Ltd. is committed to expanding its production capacity to 4,40,000 Mt by brownfield expansion at its existing plant in GIDC Kerala, near Ahmedabad, in two phases of 50,000 Mt each.

Environmental and Safety Management

AIA Engineering Ltd. is dedicated to environmental and safety management, having obtained ISO 14001 certification for environmental management systems and OHSAS 18001 certification for health and safety management systems at Moraiya and Kerala Plants.

Renewable Energy Initiatives

The company has also installed 8 Wind Turbines of 2.1 MW each in 2019, and 2 Wind Turbines of total 5.4 MW in FY’22, taking total renewable energy capacity to 24.3 MW.