MoU3 Nov 2025, 11:08 am
Manaksia Coated Metals & Industries signs MOU’s worth ¥500 Cr with European clients
AI Summary
Manaksia Coated Metals & Industries Limited, a leading coated steel manufacturer and exporter, has signed Memorandums of Understanding (MoU) with certain European clients amounting to ¥500 Cr. The agreements will see the company 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. This development is expected to enhance the company’s production capacity utilization and further strengthen its global export portfolio.
Key Highlights
- Marks export growth expansion in European markets
- Expected to increase export revenue contribution
- Strengthens relationships with European clients
- Leverages upcoming technology upgrade to ALU-ZINC along with capacity expansion
- Company's financials reflect robustness with recent credit rating upgrade