Manaksia Steels Limited has informed the Exchange about Capacity Expansion for production of Cold Rolled Coils at Haldia, West Bengal

Manaksia Steels is expanding its Cold Rolled Coils production capacity at its existing Haldia, West Bengal unit by adding a new 6-Hi Reversible Cold Rolling Mill. The current capacity stands at 1,20,000 tonnes per annum (TPA) with utilisation of about 82%. The company will add 2,50,000 TPA, taking total capacity to 3,70,000 TPA — roughly a three-fold increase. The project is expected to be completed by Q4 of FY2027-28 and will cost around Rs. 100 crores, funded through a mix of debt and internal accruals. The expansion is aimed at meeting captive demand and growing domestic as well as international sales.