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

Strategic Significance

• Mark’s 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 MoUs 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.”

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