| <P>Manaksia Coated Metals & Industries has signed a Memorandums of Understanding (MoU) with certain European clients, amounting to Rs 500 crore. </P> <P>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.</P> <P>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.”</P> |