{"id":78452,"date":"2025-11-03T14:42:21","date_gmt":"2025-11-03T09:12:21","guid":{"rendered":"https:\/\/newswireindia.in\/index.php\/2025\/11\/03\/manaksia-coated-metals-industries-signs-mous-amounting-to-rs-500-cr-with-certain-european-clients\/"},"modified":"2025-11-03T14:42:21","modified_gmt":"2025-11-03T09:12:21","slug":"manaksia-coated-metals-industries-signs-mous-amounting-to-rs-500-cr-with-certain-european-clients","status":"publish","type":"post","link":"https:\/\/newswireindia.in\/index.php\/2025\/11\/03\/manaksia-coated-metals-industries-signs-mous-amounting-to-rs-500-cr-with-certain-european-clients\/","title":{"rendered":"Manaksia Coated Metals &amp; Industries signs MOU\u2019s amounting to Rs 500 Cr with certain European clients"},"content":{"rendered":"<div>\n<p><strong><span data-sheets-root=\"1\">Mumbai (Maharashtra) [India], November 3: <\/span>Manaksia Coated Metals &amp; Industries Limited (NSE: MANAKCOAT, BSE:\u00a0<\/strong><strong>539046<\/strong><strong>)<\/strong>, one of the leading coated steel manufacturers and exporters, specialising in Galvanised and Pre-painted Steel, has signed a Memorandum of Understanding (MoU) with certain European clients, amounting to <strong>\u20b9<\/strong><strong>500 Cr<\/strong>.<\/p>\n<p>Under these agreements, the company will supply up to\u00a0<strong>50,000 metric tonnes<\/strong> of pre-painted steel coils, Alu-Zinc coated coils, and galvanised steel products over the next\u00a0<strong>12 months<\/strong>. This development is expected to enhance the company\u2019s production capacity utilisation and further strengthen its global export portfolio.<\/p>\n<p><strong>Strategic Significance<\/strong><\/p>\n<ul type=\"disc\">\n<li>Mark\u2019s <strong>export growth expansion in European markets<\/strong>.<\/li>\n<li>Expected to increase export revenue contribution, which was 70% of revenues from operations in H1 FY26.<\/li>\n<li>Strengthens relationships with European clients, with potential to translate into\u00a0<strong>repeat orders<\/strong>.<\/li>\n<li>Leverages upcoming technology upgrade to ALU-ZINC, along with capacity expansion to <strong>180,000 MT,<\/strong>\u00a0and a new\u00a0<strong>Color Coating Line expansion, taking the total capacity to 236,000 MT<\/strong>, enhancing capacity for value-added products.<\/li>\n<\/ul>\n<p><a name=\"_Hlk166272515\"><\/a><strong>Commenting on the performance,\u00a0<\/strong><strong>Mr Karan Agrawal, Whole Time Director, Manaksia Coated Metals &amp; Industries Limited, said,<\/strong> \u201d\u00a0Signing 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 Acuit\u00e9 from\u00a0<strong>A(-) to A<\/strong>\u00a0for the long-term and from\u00a0<strong>A2 to A1<\/strong>\u00a0for 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.\u201d<\/p>\n<p><em> If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], November 3: Manaksia Coated Metals &amp; Industries Limited (NSE: MANAKCOAT, BSE:\u00a0539046), one of the leading coated steel manufacturers and exporters, specialising in Galvanised and Pre-painted Steel, has signed a Memorandum of Understanding (MoU) with certain European clients, amounting to \u20b9500 Cr. Under these agreements, the company will supply up to\u00a050,000 metric tonnes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":78453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3],"class_list":["post-78452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts\/78452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/comments?post=78452"}],"version-history":[{"count":0,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts\/78452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/media\/78453"}],"wp:attachment":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/media?parent=78452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/categories?post=78452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/tags?post=78452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}