Manaksia Coated Metals & Industries Limited Informed the exchange that it had secured a contract worth USD 24 million (approx. ₹200 crore) with a leading European client. The contract entails the supply of 20,000 metric tonnes of pre-painted steel coils, Alu Zinc coated steel coils, and galvanized steel products over the next 12 months. The agreement has the potential to transform into a recurring order, providing a steady pipeline of revenue.
This order will also allow the company to fully utilise the additional capacity expected from its Continuous Galvanizing Line (CGL) upgrades, scheduled to complete in Q4-FY2025. MCMIL is well-positioned to meet the rising demand for high-quality coated steel products in Europe, driven by industry shifts toward durable, corrosion-resistant materials.
Mr. Karan Agrawal, Whole Time Director, Manaksia Coated Metals & Industries Limited said, “We are confident that the increasing export orders, combined with a shift toward higher-margin products like Alu-Zinc and Pre-painted Alu-Zinc steel, will drive EBITDA margin growth and enhance RoE/RoCE performance.”