HMA Agro Industries Signs Strategic MoU With Malaysian Government Entity To Boost Frozen Meat Exports

HMA Agro Industries Ltd has signed a Memorandum of Understanding (MoU) with Perbadanan Kemajuan Pertanian Selangor (PKPS), as the Selangor Agricultural Development Corporation in Malaysia's Selangor State. It was signed in the presence of the Hon'ble Chief Minister/Selangor and is intended to facilitate bilateral trade relations through the increased availability of Indian frozen buffalo meat and collaborative research projects that would assist in industry development. Improvement in the quality and efficiency of processing and supply chains of meat would be the end product of this collaboration, and both parties in addition to improving agriculture trade relations between India and Malaysia, would benefit in the process.

This is a partnership that cements HMA Agro's aspiration to deepen its presence in the ASEAN market which has Malaysia as a vital avenue. The MoU allows HMA to extend its distribution network thereby enhancing delivery of quality meat products that would erase the current gaps in supply within the region.

This collaboration also further advances the HMA's objectives of strengthening its foothold in international markets while advancing the wider objectives of trade between both nations and consequently the development of the agricultural and food processing industries in particular. In turn, Malaysia meets its needs for certain food products enhancing its food security.

Under the provisions of the MoU which shall be in force for one year, any of the parties can be terminated with one month's notice in writing to provide simplicity and flexibility as both organizations seek to work together some more. Should it suit both parties, the agreement may be prolonged which will result in the enhancement of their cooperative ventures in meat processing and other agrarian activities.

In the stock market, there have been a considerable number of movements towards the HMA Agro Industries Ltd share value. The value of the shares of the company went up by 0.26 percent from Rs 44.95 which closed the previous day to Rs 45.13. The stock was able to trade an intraday high of Rs 45.13 and a low of Rs 44.50. HMA Agro Industries has its market capital above Rs 22,40 Crores as per the market share and the company has attained its Roosevelt high of price 84.05 per share in the past 52 weeks and lowest at 44.5 per share regularly floating in the market. The percentage of return maintained for every one dollar of common equity as stated by the return on equity (ROE) stands at a healthy 32% and the same on the capital employed for the business activities (ROCE) stands at 28%.

HMA Agro industries Ltd was established in 2008 and it is recognized as among the top Indian food trade companies focused on the business of export of food.

The export of frozen buffalo meat is the company's principal business and accounts for more than 10 per cent of India's meat exports. The trademarks of "Black Gold", "Kamil" and "HMA" can be found in more than 40 countries. HMA has four fully integrated meat processing plants and is building a fifth one in Haryana, which allows for better operational capability.