Manaksia Steels Gears Up for Growth: New Coating Line in Haldia
Ever wondered what’s brewing in the steel sector? Well, Manaksia Steels Limited (MANAKSTEEL) just dropped some exciting news that signals a major push for growth! 🚀
The company’s Board of Directors, in their recent meeting on July 29, 2025, gave the green light to a significant capacity expansion. They’re adding a second Colour Coating Line at their existing unit in Haldia, West Bengal. This isn’t just a small tweak; it’s a substantial boost to their manufacturing muscle.
What’s the Big Deal?
Currently, Manaksia Steels operates at a 100% capacity utilization with an existing capacity of 48,000 MT per annum. The new line will add a whopping 90,000 MT per annum, bringing the total capacity to an impressive 138,000 MT per annum. That’s nearly tripling their current output! This expansion is expected to be up and running by the fourth quarter of the financial year 2025-26.
Why the Expansion?
The rationale is clear: to meet the growing market demand and boost sales in both domestic and international markets. It’s a strategic move to capitalize on opportunities and strengthen their position. The investment for this expansion is approximately ₹40 crores, which the company plans to fund entirely through internal accruals – a strong indicator of their financial health and confidence in future prospects.
This capacity addition comes alongside other key decisions from the board, including the approval of their unaudited financial results for the quarter ended June 30, 2025, and the adoption of a new company logo. The new logo itself is described as part of an ongoing brand evolution, signifying growth and enhanced responsibility, perfectly aligning with this major expansion drive.
As of its last traded price, MANAKSTEEL stood at ₹63.3. This expansion could be a key factor in its future trajectory, as the company positions itself for increased market share and profitability. Keep an eye on Manaksia Steels as they forge ahead with their growth plans! ✨
source: Corporate Announcement
Join our Telegram for instant updates!