Hyderabad-headquartered Manaksia Coated Metals & Industries Limited secures Rs.200 crore contract
The agreement has the potential to transform into a recurring order, providing a steady pipeline of revenue for MCMIL over the coming years.
Hyderabad: Hyderabad-headquartered Manaksia Coated Metals & Industries Limited (MCMIL) has secured a contract worth approximately Rs. 200 crore with a leading European client. The agreement includes 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 12 months.
The agreement has the potential to transform into a recurring order, providing a steady pipeline of revenue for MCMIL over the coming years.
Furthermore, the company’s growth strategy will be fuelled by a robust capital expenditure plan of Rs. 315 Crores distributed across five key projects, to be executed over three phases and aimed at upgrading its existing infrastructure, enhancing capacity, and adopting sustainable practices.
MCMIL aims to increase its sales volume from 90,000 metric tonnes in FY24 to over 140,000 MT in FY26, 170,000 MT in FY27 and over 280,000 MT by FY28, a press release from the company said.
