Manaksia Coated Metals & Industries (NSE:MANAKCOAT, BOM:539046) has bagged a new order worth $24 million from an undisclosed European client, according to a filing to the stock exchanges on Monday.
The contract is for the supply of 20,000 metric tonnes of pre-painted steel coils, Alu Zinc-coated steel coils, and galvanized steel products over the next 12 months.
Apart from providing a steady revenue, the new order will help the company to fully utilize the additional capacity expected from its Continuous Galvanizing Line (CGL) upgrades.
The upgrades are scheduled to be completed in the fourth quarter of the financial year 2025.
Shares of the company jumped over 4% in recent trade.
Price (INR): â¹69.22, Change: â¹+2.9, Percent Change: +4.36%
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