Manaksia Steels Limited has informed the Exchange about Commencement of commercial production/operations
MANAKSTEEL · price
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Manaksia Steels has started commercial production of a new Aluzinc coated steel product line at its Haldia plant in West Bengal, effective June 10, 2025. The company received the Consent to Operate from the West Bengal Pollution Control Board on June 9, 2025, clearing the way for the launch. The new line has an annual capacity of 1,10,200 tonnes and involved an investment of approximately Rs. 85 crores. Aluzinc is a flat steel product made of 55% aluminium and 45% zinc coating on cold rolled steel, used in solar structures, roofing, and construction. The company will initially focus on the domestic Indian market, aiming to boost revenue and profit realisation.
This new product line expands Manaksia Steels' production capacity and opens up a fresh revenue stream in the growing solar, roofing, and construction segments, which could positively impact future earnings. The Rs. 85 crore investment reflects a meaningful capacity addition that shareholders should monitor for execution and ramp-up over the coming quarters.