Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046), a prominent manufacturer and exporter of coated steel products including galvanized and pre-painted steel, has entered into Memorandums of Understanding (MoUs) with select European clients worth ₹500 crore. The agreements cover the supply of up to 50,000 metric tonnes of pre-painted steel coils, Alu-Zinc coated coils, and galvanized steel products over the next twelve months. This collaboration is expected to boost production utilization and reinforce the company’s export portfolio across global markets.
The newly signed agreements mark a significant step in strengthening Manaksia Coated Metals & Industries’ footprint across key European markets. With growing demand for high-quality coated steel products, this development is expected to enhance the company’s visibility and competitiveness in international trade, positioning it as a reliable supplier for long-term global partnerships.
The MoUs are projected to further boost export revenue, which already represents 70% of the company’s total operational income during the first half of FY26. By deepening relationships with existing European clients and establishing new collaborations, the company aims to build a consistent flow of international orders, reinforcing its role as a major contributor to India’s coated steel exports.
Aligned with its growth strategy, Manaksia Coated Metals & Industries continues to upgrade its production infrastructure. The company is expanding capacity from 180,000 MT to 236,000 MT through the addition of advanced ALU-ZINC technology and a new Color Coating Line. These enhancements will increase output of value-added products, improve efficiency, and enable the company to cater to a broader spectrum of customer requirements across global markets.
Commenting on this milestone, Karan Agrawal, Whole Time Director of Manaksia Coated Metals & Industries Limited, said, “These MoUs mark a significant step in our global growth journey. Our enhanced technological capabilities and upcoming 7.0 MWp renewable energy project will improve operational efficiency and reduce energy dependency. The recent upgrade in our credit rating by Acuité—from A(-) to A for long-term and from A2 to A1 for short-term—reflects our strong financial performance. With the planned expansions and technological upgrades, we are well-positioned to scale operations and capture a larger share of the international coated metals market.”
Manaksia Coated Metals & Industries Limited (MCMIL) specializes in manufacturing pre-painted and plain galvanized steel in both coil and sheet forms. Operating out of its advanced facility in Kutch, Gujarat, the company caters to diverse sectors including construction, automotive, appliances, and general engineering. With two manufacturing units, four branch offices, five stockyards, and service centers across India, MCMIL maintains a strong domestic and export network. Its strategic location near Kandla and Mundra Ports provides a logistical advantage for both imports and exports, reinforcing its commitment to timely and efficient global deliveries.
