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Manaksia Coated Metals & Industries has successfully completed the Alu-Zinc technology upgrade of its Continuous Galvanising Line, marking a significant step in its strategic transformation toward higher-value products and expanded capacity. The project, executed through a planned shutdown, enabled the transition from conventional galvanised steel to advanced Alu-Zinc coating technology, supported by higher line speeds and improved operational capabilities.
The upgrade has increased the installed capacity of the Continuous Galvanising Line from 132,000 MTPA to 180,000 MTPA, strengthening the company's ability to meet rising demand for Alu-Zinc coated steel, a segment witnessing strong market acceptance and premium pricing opportunities. The enhanced line is expected to deliver better productivity, improved energy efficiency, and optimized coating costs per metric tonne, while maintaining superior corrosion resistance standards.
This successful completion reinforces the company's focus on improving operating efficiencies and advancing its product mix toward higher-margin offerings, which is expected to support EBITDA performance over the medium term. The upgraded facility also enhances scalability and positions the company to capitalize on opportunities across both domestic and export markets. This achievement reflects the company's continued focus on operational excellence, future ready growth, and long-term value creation.
Manaksia Coated Metals & Industries has signed a Memorandums of Understanding (MoU) with certain European clients, amounting to Rs 500 crore.
Under these agreements, the company will supply up to 50,000 metric tonnes of pre-painted steel coils, Alu-Zinc coated coils, and galvanized steel products over the next 12 months. This development is expected to enhance the company's production capacity utilization and further strengthen its global export portfolio.
Commenting on the performance, Karan Agrawal Whole Time Director, Manaksia Coated Metals & Industries Limited said, ' Signing these MoU's is a significant milestone for Manaksia Coated Metals and Industries. We believe that this partnership further strengthens our position in global markets. We are also advancing a 7.0 MWp renewable energy project to reduce dependency on grid power and improve cost efficiency. Our external credit rating has been recently upgraded by Acuité from A(-) to A for the long-term and from A2 to A1 for the short-term, reflecting the robustness of our financial fundamentals. With upcoming capacity expansions and technology upgrades, we are entering an exciting growth phase that will enable us to scale and capture a larger share of the global coated metals industry.”
Garment Mantra Lifestyle Ltd Partly Paidup, Manaksia Coated Metals & Industries Ltd, Nureca Ltd and Bluestone Jewellery & Lifestyle Ltd are among the other losers in the BSE's 'B' group today, 28 October 2025.
Lypsa Gems & Jewellery Ltd crashed 9.89% to Rs 5.01 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 1.21 lakh shares were traded on the counter so far as against the average daily volumes of 13194 shares in the past one month.
Garment Mantra Lifestyle Ltd Partly Paidup lost 9.84% to Rs 0.55. The stock was the second biggest loser in 'B' group.On the BSE, 3.5 lakh shares were traded on the counter so far as against the average daily volumes of 1.72 lakh shares in the past one month.
Manaksia Coated Metals & Industries Ltd tumbled 7.87% to Rs 166.15. The stock was the third biggest loser in 'B' group.On the BSE, 3.74 lakh shares were traded on the counter so far as against the average daily volumes of 3.05 lakh shares in the past one month.
Nureca Ltd plummeted 7.37% to Rs 289. The stock was the fourth biggest loser in 'B' group.On the BSE, 5460 shares were traded on the counter so far as against the average daily volumes of 12244 shares in the past one month.
Bluestone Jewellery & Lifestyle Ltd fell 7.37% to Rs 682.3. The stock was the fifth biggest loser in 'B' group.On the BSE, 69719 shares were traded on the counter so far as against the average daily volumes of 3.43 lakh shares in the past one month.
The board of Manaksia Coated Metals & Industries at its meeting held on 27 October 2025 has approved the proposal for raising of funds by way of issuance of securities i.e. equity shares or any instrument or security including fully / partially convertible debentures or non convertible debentures or warrants entitling the warrant holder(s) to apply for equity shares, global depository receipts, american depository receipts, foreign currency convertible bonds or any other eligible securities, in one or more tranches, through the permissible modes including but not limited to private placement, preferential issue, qualified institutions placement, or such other methods or combinations thereof as may be considered appropriate and decided by the Board, subject to such statutory/regulatory approvals as may be required including the approval of the shareholders of the Company.
Further, the board has approved increase in authorised share capital from Rs 12.50 crore to Rs 16 crore comprising of equity shares of Re 1 each.