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Magnus Steel and Infra Limited has received purchase orders from RIECO Industries Limited, Pune, to supply steel products (Hot Rolled Steel Plates, HR Sheets, and Structural Steel Channels) for Tata Motors' new manufacturing facilities being constructed in Gujarat and Maharashtra. The company has already executed orders worth Rs. 8.50 Crores (1,200 MT) in March-April 2026, with an additional pipeline of approximately Rs. 24 Crores expected over FY 2026-27. The total estimated order book from this engagement stands at Rs. 32.50 Crores. This represents the company's formal entry into the automotive OEM infrastructure supply chain, diversifying from its earlier agro-products trading business. The company's FY 2025-26 revenue was Rs. 22.58 Crores.
If the full pipeline of Rs. 24 Crores materialises, this single engagement alone would represent a material increase in the company's revenue run-rate, potentially more than doubling annual revenue. The stock could see positive sentiment given the visibility of order flow and the prestigious nature of being a Tata Motors supplier.