In a significant breakthrough for its global ambitions, Manaksia Coated Metals & Industries (MCMIL) has secured a milestone contract worth $24 million (around Rs 200 crore) with a leading European client. The agreement includes the supply of 20,000 metric tonnes of premium 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 for MCMIL over the coming years. This 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, further enhancing MCMIL’s production capabilities and global competitiveness.
Manaksia Coated Metals & Industries (MCMIL) is a leading manufacturer and exporter of high quality coated metal products, including Pre-painted Galvanised Steel and Plain Galvanised Steel in coil and sheet forms.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
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