HMA Agro Industries Ltd has signed a significant Memorandum of Understanding (MoU) with Perbadanan Kemajuan Pertanian Selangor (PKPS), the Selangor Agricultural Development Corporation in Malaysia. This agreement, signed in the presence of the Selangor Chief Minister, focuses on bolstering bilateral trade by increasing the availability of Indian frozen buffalo meat in Malaysia and collaborating on research to improve industry standards.
The partnership aims to enhance the quality and efficiency of meat processing and supply chains, contributing to the broader goal of strengthening agricultural trade between India and Malaysia. Additionally, this collaboration supports Malaysia’s food security needs by ensuring a steady supply of essential products.
HMA Agro, which is a leading exporter of Indian frozen buffalo meat, seeks to deepen its presence in the ASEAN market, with Malaysia being a critical gateway. The MoU, valid for one year, is flexible, allowing either party to terminate the agreement with one month’s notice or to extend the partnership for further cooperative ventures in meat processing and agricultural activities.
HMA Agro Industries, established in 2008, accounts for over 10% of India’s meat exports, with its brands like “Black Gold,” “Kamil,” and “HMA” present in over 40 countries. With four meat processing plants and a fifth under construction in Haryana, the company is well-positioned to expand its global footprint. This move into the ASEAN market represents a strategic step in HMA’s international growth plans.
On the financial front, HMA Agro’s stock has shown modest growth. Its shares increased by 0.26%, from ₹44.95 to ₹45.13, with an intraday high of ₹45.13. The company’s market capitalization stands at over ₹2,240 crore, with a healthy return on equity (ROE) of 32% and a return on capital employed (ROCE) of 28%. The stock has reached a 52-week high of ₹84.05, reflecting strong investor interest in the company’s prospects.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. HMA Agro Industries Ltd. is a publicly-traded company, and any investment carries risks. Please conduct your own research or consult a financial advisor before making any investment decisions. The details regarding stock performance, market capitalization, and other financial metrics are subject to change and should be verified with reliable financial sources.
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