In a major advancement for its global aspirations, Manaksia Coated Metals & Industries Limited has secured a landmark contract worth USD 24 million (approximately ₹200 crore) with a prominent European client. The deal entails 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 year.
This agreement has the potential to evolve into a recurring order, creating a steady revenue stream for MCMIL in the years to come. It will also enable the company to fully leverage the additional capacity anticipated from its Continuous Galvanizing Line (CGL) upgrades, scheduled for completion in Q4 FY2025, further boosting MCMIL’s production capabilities and global competitiveness.
MCMIL is solidifying its role as a preferred supplier in Europe, significantly increasing export revenue with a new contract that supports its international growth. Investments in advanced production technology and upgrades to its Continuous Galvanizing Line (CGL) will boost competitiveness in the global steel market. This contract also creates opportunities for recurring business with key European clients.
Mr. Karan Agrawal, Whole Time Director, noted, “This marks a key step in expanding MCMIL’s footprint in Europe, and we are committed to delivering world-class quality to drive growth and enhance margins.”