Manaksia Steels Limited (MANAKSTEEL) — Announcement

📢 Key Event
Manaksia Steels to add 2,50,000 tonnes cold-rolled coil capacity at Haldia by Q4 FY2027-28.

🔄 What Changed
Cold-rolled coil production capacity will increase 208% from 1,20,000 to 3,70,000 tonnes per annum; current utilization at 82% indicates headroom for growth

🔮 What's Next
Capacity addition targeted for Q4 of financial year ended 2027-28; financing through debt and internal accruals

💡 Investor Takeaway
The tripling of cold-rolled coil capacity positions Manaksia to capture higher market share and revenue growth, though execution risk and debt servicing capability warrant monitoring.

Manaksia Steels announced a significant capacity expansion at its Haldia facility, adding a 6-Hi Reversible Cold Rolling Mill to increase cold-rolled coil production by 2,50,000 tonnes per annum. Existing capacity of 1,20,000 tonnes will grow to 3,70,000 tonnes, with the facility currently operating at 82% utilization. The ₹100 crores investment will be funded through debt and internal accruals, targeting completion by Q4 FY2027-28 to meet domestic and international demand.

📄 View Original Announcement (PDF)

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