Manaksia Coated Metals & Industries signs MOU's amounting to ₹500 Cr with certain European clients

Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046), one of the leading coated steel manufacturer and exporter, specialized in Galvanised and Prepainted Steel, has signed a Memorandums of Understanding (MoU) with certain European clients, amounting to ₹500 Cr.

Under these agreements, the company will supply up to 50,000 metric tonnes of pre-painted steel coils, Alu-Zinc coated coils, and galvanized steel products over the next 12 months. This development is expected to enhance the company's production capacity utilization and further strengthen its global export portfolio.

Strategic Significance

- Marks export growth expansion in European markets.

- Expected to increase export revenue contribution, which was 70% of revenues from operations in H1 FY26.

- Strengthens relationships with European clients, with potential to translate into repeat orders.

- Leverages upcoming technology upgrade to ALU-ZINC along with capacity expansion to 180,000 MT, and a new Color Coating Line expansion taking the total capacity to 236,000 MT, enhancing capacity for value added products.

Commenting on the performance, Mr. Karan Agrawal Whole Time Director, Manaksia Coated Metals & Industries Limited said, " Signing these MoU's is a significant milestone for Manaksia Coated Metals and Industries. We believe that this partnership further strengthens our position in global markets. We are also advancing a 7.0 MWp renewable energy project to reduce dependency on grid power and improve cost efficiency. Our external credit rating has been recently upgraded by Acuité from A(-) to A for the long-term and from A2 to A1 for the short-term, reflecting the robustness of our financial fundamentals. With upcoming capacity expansions and technology upgrades, we are entering an exciting growth phase that will enable us to scale and capture a larger share of the global coated metals industry."

Shares of Manaksia Coated Metals & Industries Limited was last trading in BSE at Rs. 161.95 as compared to the previous close of Rs. 152.85. The total number of shares traded during the day was 105169 in over 1505 trades.

The stock hit an intraday high of Rs. 165.00 and intraday low of 150.20. The net turnover during the day was Rs. 16681354.00.

Source : Equity Bulls

Keywords

ManaksiaCoatedMetalsandIndustries INE830Q01018 MOU EuropeanClients