Manaksia Coated Metals & Industries Ltd successfully commissions Line post strategic Aluminium-Zinc upgrade

Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046), is one of the leading coated steel metal manufacturer and exporter, specialized in Galvanised & Pre-painted Steel in both coil and sheet forms, has undertaken a planned shutdown of its Continuous Galvanising Line (CGL) to implement a technology upgrade involving conversion from galvanised steel to Aluminium-Zinc coated steel, along with a capacity expansion.

Manaksia Coated Metals & Industries Limited 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, futureready growth, and long-term value creation.

Commenting on the this, Mr. Karan Agrawal Whole Time Director, Manaksia Coated Metals & Industries Limited said, "The successful Alu-Zinc technology upgrade of our Continuous Galvanising Line marks an important step in strengthening our value-added product portfolio. The capacity expansion to 180,000 MTPA enhances our ability to address growing demand for premium Alu-Zinc coated steel. Improved operating efficiencies, higher line speeds, and optimized coating costs are expected to support margins over the medium term. This upgrade positions us well to scale profitably across domestic and export markets."

Shares of Manaksia Coated Metals & Industries Limited was last trading in BSE at Rs. 131.75 as compared to the previous close of Rs. 130.90. The total number of shares traded during the day was 8982 in over 174 trades.

The stock hit an intraday high of Rs. 132.50 and intraday low of 128.70. The net turnover during the day was Rs. 1167968.00.

Source : Equity Bulls

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ManaksiaCoatedMetalsandIndustries INE830Q01018 Commissioning