Poging GOUD - Vrij
Manaksia Coated metals to raise funds via equity warrants issue
The Business Guardian
|December 04, 2024
Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046), A leading manufacturer and exporter of high-quality coated metal products, has announced the approval of a preferential warrant issue to raise Rs134.55 crore.
The board of directors approved the issuance of 2,07,00,000 warrants at Rs65 per warrant during its meeting on December 02, 2024. This move will support the company's ambitious plans for capacity expansion and a major technology upgrade.
The funds raised will be utilized to undertake a technology upgrade project whereby the company will be transitioning to production capability of making Alu-Zinc Costed Steel products. The production capacity will be enhanced from 132,000 MTPA to 180,000MTPA enabling a 36% increase in output and corresponding revenue. The CAPEX being planned by the company also includes a forward integration project whereby the company would be investing in a new and state of the art steel coil coating line which would catapult the capacity of Pre-painted Steel from 86,000MTPA to 236,000MTPA. Additionally, a portion will be allocated to optimize the working capital cycle and establish a captive solar power plant in a phased manner, reflecting the company's commitment to sustainable and energy-efficient practices.
This strategic move will benefit the company by moving to a more value added and premium product enabling higher margins along with significant growth in production capacity.
Dit verhaal komt uit de December 04, 2024-editie van The Business Guardian.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The Business Guardian
The Business Guardian
HIGH CORTISOL LEVELS: UNDERSTANDING THE SILENT STRESS HORMONE AND HOW TO CONTROL IT
Cortisol is a hormone produced by the adrenal glands and is often referred to as the \"stress hormone.\"
3 mins
June 24, 2026
The Business Guardian
THE COST OF NEGLECT: WHEN CLASSROOMS TURN COFFINS
Undoubtedly, all parents dream of providing quality education to their children. The day a child is born, farsighted parents begin to think in this direction.
3 mins
June 24, 2026
The Business Guardian
Successful Management of a Highly Complex Twin Pregnancy Through Multidisciplinary Care
The safe delivery of healthy twin babies and recovery of their mother in one of the most complex high risk pregnancies recently managed at the hospital represents a remarkable example of multidisciplinary collaboration and clinical excellence.
1 min
June 24, 2026
The Business Guardian
Tamil Nadu Govt moves SC against HC order in Deepam case
The Tamil Nadu government, led by Tamilaga Vettri Kazhagam (TVK), has moved the Supreme Court against the Madras High Court's decision to allow lighting of the Karthigai lamp atop a pillar, Deepathoon, at Thiruparankundram Hills in Madurai.
1 min
June 24, 2026
The Business Guardian
JM Financial Mutual Fund launches JM Multi Asset Allocation Fund
JM Multi Asset Allocation Fund
1 min
June 24, 2026
The Business Guardian
Cops arrest man for killing fellow labourer over money
Delhi Police have arrested a man for allegedly murdering fellow labourer following a dispute over money in the Fatehpur Beri area of the national capital, officials said on Monday.
1 min
June 24, 2026
The Business Guardian
LG VISITS NAVJEEVAN VIHAR TO INSPECT ‘ZERO WASTE COLONY’
Delhi Lieutenant Governor Taranjit Singh Sandhu on Tuesday visited Navjeevan Vihar in South Delhi to inspect its successful ‘Zero Waste Colony’ model and lauded the community-led transformation as one of the best practices in the national capital.
1 min
June 24, 2026
The Business Guardian
Bharati defence & infrastructure marks 50 years with focus on indigenous defence technology
Bharati Defence & Infrastructure Limited (BDIL) today marked its 50th anniversary by refocusing its core mission: leveraging five decades of complex systems engineering to deliver advanced defence technology capabilities for the Indian Armed Forces.
1 min
June 24, 2026
The Business Guardian
The Playbook does not change, only the geography does
Same Enemy, Different Sky. Hamas refined the method. Pakistan's proxies imported it. India is now fighting not just a terrorist attack, but a strategy that has already reshaped the Middle East.
7 mins
June 24, 2026
The Business Guardian
Akasa Air targets 40% international capacity in coming years
Akasa Air plans to significantly expand its international operations over the next few years and aims to increase the share of international routes in its overall capacity to around 40 per cent, according to the airline's Chief Financial Officer (CFO), Ankur Goel.
1 mins
June 24, 2026
Listen
Translate
Change font size