Manaksia Steels Approves Unaudited Results, ₹800 Cr Expansion Plan

Manaksia Steels Ltd's Board of Directors met on August 10, 2026, to approve the un-audited financial results for the quarter ended June 30, 2026. The company also announced plans for its 25th Annual General Meeting on September 23, 2026. A significant development was the in-principle approval for an expansion of its Haldia manufacturing facility, involving a ₹800 crore investment over two phases. This expansion will focus on Cold-Rolled Coil and Coated Steel production, including a new Colour Coating Line – II and a Cold Rolling Mill. The company is also evaluating a 10 MW captive solar power plant and seeking state government incentives for specialty steel products.