Manaksia Steels Approves ₹800 Cr Expansion for Cold-Rolled Coil & Coated Steel

Manaksia Steels Ltd announced board approval for a significant expansion of its Haldia manufacturing facility. The project, estimated at ₹800 crore, will focus on producing Cold-Rolled Coil and Coated Steel in two phases. Phase I includes a Colour Coating Line – II and a Cold Rolling Mill, with additional capacity for GP/Alu Zinc Coils. The company is also evaluating a 10 MW captive solar power plant. Phase II will target speciality steel products, with the company seeking state incentives. The board also approved unaudited financial results for Q1 FY27 and scheduled the 25th AGM for September 23, 2026.