Manaksia Coated Metals and Industries Limited wins landmark Rs 200Cr European Contract, signalling major global growth

The deal set to significantly amplify export revenue In a significant breakthrough for its global ambitions Manaksia Coated Metals amp Industries Limited MCMIL NSE MANAKCOAT BSE 539046 has secured a milestone contract worth USD 24 million approx 200 crore with a leading European client The agreement includes the supply of 20000 metric tonnes of premium prepainted steel coils Alu Zinc coated steel coils and galvanized steel products over the next 12 monthsThe 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 Q4FY2025 further enhancing MCMILrsquos production capabilities and global competitivenessKey Strategic InsightsAdvancing European Market Leadership MCMIL is cementing its foothold in Europersquos highly competitive market reinforcing its position as a preferred supplier to toptier clientsAmplifying Export Growth MCMIL is already an established exporter of coated steel products The deal is set to boost MCMILrsquos export revenue substantially accelerating the companys strategic shift towards international markets and diversifying revenue streamsElevating Global Competitive Edge The companyrsquos ongoing investment in cuttingedge production technology and capacity expansion sets MCMIL apart in a dynamic global steel industry especially with the upcoming Continuous Galvanizing Line CGL upgrades to Alu Zinc Coated Steel manufacturingUnlocking Longterm Opportunities This contract lays the foundation for recurring business with highvalue European clients setting the stage for MCMIL to become a key player in the regions steel supply chainCapitalising on Industry Demand MCMIL is wellpositioned to meet the rising demand for highquality coated steel products in Europe driven by industry shifts toward durable corrosionresistant materialsMr Karan Agrawal Whole Time Director Manaksia Coated Metals amp Industries Limited said ldquoThis contract marks a pivotal moment in MCMILrsquos journey toward expanding its global footprint particularly in the competitive European market and we are honoured to have earned the confidence of a leading European client As we reinforce our position as a trusted supplier in the competitive European market the deal highlights our commitment to delivering worldclass quality and reliability and comes at a time when we are focused on global expansion We look forward to leveraging this opportunity to drive further growth through innovation and operational excellence We are confident that the increasing export orders combined with a shift toward highermargin products like AluZinc and Prepainted AluZinc steel will drive EBITDA margin growth and enhance RoERoCE performancerdquoAs MCMIL pushes forward with its global expansion strategy this contract sets the tone for continued growth across key international markets The company has steadily built a reputation for product quality timely delivery and client satisfaction all of which are critical factors in its sustained successAbout Manaksia Coated Metals amp Industries LimitedManaksia Coated Metals amp Industries Limited MCMIL is a leading manufacturer and exporter of highquality coated metal products including Prepainted Galvanised Steel and Plain Galvanised Steel in coil and sheet forms These products are widely used across the construction automotive appliances and general engineering industriesOperating from its stateoftheart facility in Kutch Gujarat MCMIL is strategically positioned near key ports ensuring efficient logistics for both domestic and international markets With two manufacturing plants four branch offices and five stock yards and service centres across India the company is committed to delivering excellence and meeting the diverse needs of its customersRenowned for its innovation quality and customercentric approach MCMIL continues to drive growth and deliver valueadded steel products that cater to global market demands For more information log on to httpswwwmanaksiacoatedmetalscomContact Information Shruti AgarwalCompany Secretary amp Compliance OfficerEmail ndash companysecretarymcmilin

Manaksia Coated Metals and Industries Limited wins landmark Rs 200Cr European Contract, signalling major global growth

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Home / Buzz / Article / Manaksia Coated Metals and Industries Limited wins landmark Rs 200Cr European Contract, signalling major global growth

Manaksia Coated Metals and Industries Limited wins landmark Rs 200Cr European Contract, signalling major global growth

Other Articles

Mid-Day Fast