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An announcement from Manaksia Coated Metals & Industries Ltd ( (IN:MANAKCOAT) ) is now available.
Manaksia Coated Metals & Industries Ltd has completed a strategic technology upgrade of its Continuous Galvanising Line, converting from conventional galvanised steel to aluminium-zinc coated steel while expanding installed capacity from 132,000 MTPA to 180,000 MTPA. The enhanced line, designed for higher speeds and improved operational capabilities, is expected to boost productivity, energy efficiency and coating cost optimisation per tonne, while delivering superior corrosion resistance and enabling the company to address growing demand for premium Alu-Zinc coated steel. By shifting further into higher-margin, value-added products and increasing scalability for both domestic and export markets, the upgrade is intended to strengthen the company’s EBITDA profile over the medium term and reinforce its competitive positioning in coated steel.
More about Manaksia Coated Metals & Industries Ltd
Manaksia Coated Metals & Industries Ltd is a leading Indian manufacturer and exporter of coated metal products, specializing in galvanised and pre-painted steel in coil and sheet forms produced at its facility in Kutch, Gujarat. Its high value-added steel products serve construction, automotive, appliances and general engineering industries, supported by an operational network of two manufacturing plants, four branch offices and five stockyards and service centres across the country.
Average Trading Volume: 107,865
Technical Sentiment Signal: Buy
Current Market Cap: 14.04B INR
For a thorough assessment of MANAKCOAT stock, go to TipRanks’ Stock Analysis page.