Manaksia Steels Announces Rs 100 Crore Cold Rolled Coil Expansion at Haldia
Manaksia Steels has announced a major capacity expansion at its Haldia facility, involving an investment of Rs 100 crores to add 250,000 tonnes per year of cold rolled coil capacity through a 6-Hi Reversible Cold Rolling Mill. The expansion will increase total capacity from 120,000 tonnes to 370,000 tonnes per annum, with completion targeted for Q4 FY 2027-28.
*this image is generated using AI for illustrative purposes only.
Manaksia Steels has formally announced a significant capacity expansion initiative at its Haldia facility in West Bengal. The company has disclosed plans to invest approximately Rs 100.00 crores in adding cold rolled coil manufacturing capacity through advanced rolling mill technology.
Expansion Details and Investment
The expansion involves installing a 6-Hi Reversible Cold Rolling Mill to add 250,000 tonnes per year of cold rolled coil capacity at the existing Haldia unit. The project represents a substantial investment in enhancing the company's steel processing capabilities and market reach.
| Parameter: | Current Status | Proposed Addition |
|---|---|---|
| Existing Capacity: | 120,000 tonnes per annum | 250,000 tonnes per annum |
| Current Utilization: | Approximately 82% | - |
| Total Capacity Post-Expansion: | - | 370,000 tonnes per annum |
| Investment Required: | - | Rs 100.00 crores |
| Target Completion: | - | Q4 FY 2027-28 |
Financing and Implementation Timeline
Manaksia Steels plans to finance the expansion through a combination of debt and internal accruals. The company has set a target timeline for completion by the fourth quarter of Financial Year 2027-28, providing a clear roadmap for the capacity enhancement initiative.
The financing strategy reflects a balanced approach to funding growth while maintaining financial flexibility. The use of internal accruals demonstrates the company's ability to generate cash flows to support expansion plans.
Strategic Rationale and Market Positioning
The capacity expansion aims to meet both captive demand and sales opportunities in domestic and international markets. With existing capacity utilization at approximately 82%, the additional capacity will significantly enhance the company's ability to serve growing market demand.
The Haldia facility's strategic location in West Bengal provides logistical advantages for raw material procurement and finished product distribution. Cold rolled coils are essential products across automotive, construction, and manufacturing sectors, positioning the company to capitalize on demand growth in these key market segments.
Historical Stock Returns for Manaksia Steels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.47% | -5.73% | -16.36% | -16.26% | +5.41% | +135.29% |
How will the increased competition from Manaksia's expanded capacity impact pricing dynamics in the Indian cold rolled coil market?
What specific automotive and construction sector growth trends could drive demand for the additional 250,000 tonnes of cold rolled coil capacity?
Will Manaksia need to secure long-term raw material supply agreements to support the tripled production capacity at Haldia?
16
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
