Manaksia Coated Metals & Industries Limited has announced the signing of Memorandums of Understanding (MoUs) with select European clients worth around ₹500 crore.
As part of these agreements, the company will supply up to 50,000 metric tonnes of pre-painted steel coils, Alu-Zinc coated coils, and galvanized steel products over the next 12 months.
The move is expected to significantly improve Manaksia Coated’s production capacity utilization while further strengthening its global export portfolio. Europe has been a key market for the company, and this development marks another step in expanding its footprint in the region.
Exports already contribute around 70% of the company’s revenue from operations in the first half of FY26. The new contracts are likely to deepen ties with existing European partners and could pave the way for repeat business in the future.
Manaksia Coated is also in the process of upgrading its technology to include Alu-Zinc coating capabilities and expanding its total production capacity to 180,000 MT. Alongside, the addition of a new Color Coating Line will raise its total color-coated steel capacity to 236,000 MT, enabling the company to cater to rising demand for high-value, premium steel products.
