Manaksia Coated Sets 2.36 Lakh MTPA Steel and 7 MW Solar Targets
Manaksia Coated has set targets of 2.36 lakh MTPA (236,000 metric tonnes per annum) of steel processing capacity and a 7 MW captive solar power plant, as reported on 30 October 2026. No project value, location, timeline or contractor details have been disclosed in available reporting.
The capacity figure — 2.36 lakh MTPA — places the planned facility in the mid-scale range for coated steel producers in India. The 7 MW solar component signals an intent to incorporate captive renewable energy into the production setup, a direction seen increasingly across the Indian steel sector. For context, Jindal India recently invested Rs 50 crore in a coated steel capacity revamp, reflecting broader sectoral momentum in value-added steel products.
Project at a Glance
| Detail | Information |
|---|---|
| Company | Manaksia Coated |
| Steel Capacity Target | 2.36 lakh MTPA (236,000 MTPA) |
| Captive Solar Target | 7 MW |
| Project Value | Not disclosed |
| Location | Not disclosed |
| Stage | Not disclosed |
| Reported On | 30 October 2026 |
Where India's Ferrous Metals Pipeline Stands
Projects India tracks 2,314 live projects in the Ferrous Metals (Iron and Steel) sub-sector, with 38 added in the last 90 days alone. That pipeline is spread unevenly across states, with Chhattisgarh leading at 433 tracked projects, followed by Maharashtra at 248, West Bengal at 240, Karnataka at 236, Odisha at 220 and Jharkhand at 152.
By project stage, the largest share — 921 projects — are currently under approvals, meaning a substantial volume of potential work is in the regulatory queue. A further 341 projects have reached the construction-started stage, representing near-term procurement and contracting opportunities. Projects at the planning stage number 152, while 121 have received approvals and are moving toward execution. A total of 196 projects are on hold, and 452 are recorded as completed.
This stage distribution is directly relevant to suppliers assessing where active tendering is most likely to emerge in the coming quarters. The concentration of under-approval projects in Chhattisgarh, Maharashtra and West Bengal in particular points to those states as priority geographies to monitor.
Coated Steel: A Growing Sub-Segment
Coated steel — which includes galvanised, colour-coated and other surface-treated products — serves construction, automotive, white goods and infrastructure end-markets. Manaksia Steels Limited, a related Manaksia Group entity, already has a cold-rolled coil expansion tracked by Projects India at Haldia, West Bengal, valued at Rs 800 crore and currently under approvals. The Manaksia Coated announcement represents a separate capacity target and should not be conflated with that project.
The inclusion of a 7 MW solar plant alongside the steel capacity target reflects a pattern visible across Indian steelmakers: pairing captive power with new manufacturing capacity to manage energy costs and, increasingly, to meet sustainability benchmarks set by export markets and domestic regulators. JSW Steel's recent expansion approvals and Tata Steel's ongoing capacity scale-up illustrate the scale of investment appetite at the top of the sector, with mid-tier players such as Manaksia Coated following a parallel trajectory at smaller scale.
What this means for suppliers and contractors
For suppliers of steel processing equipment — including coating lines, tension levellers, chemical treatment systems and coil handling equipment — the Manaksia Coated announcement signals a potential procurement cycle that warrants early engagement. The 7 MW solar component would separately draw interest from EPC contractors, module suppliers, inverter manufacturers and balance-of-plant providers with experience in captive industrial solar.
However, since no project location, investment value, execution timeline or tendering schedule has been disclosed in available reporting, suppliers should treat this as an early-stage market signal rather than an actionable tender lead at this point. Monitoring the company's regulatory filings and any state industrial body announcements will be the most reliable way to track when this project moves to a procurement stage.
More broadly, the 341 construction-started projects already in Projects India's ferrous metals pipeline represent the most immediate opportunity base for equipment and services vendors active in this sector. The full tracked pipeline can be filtered by stage and geography to identify projects where procurement is already under way.
Frequently asked questions
What capacity is Manaksia Coated targeting?
Manaksia Coated has set a target of 2.36 lakh MTPA, equivalent to 236,000 metric tonnes per annum, of steel processing capacity, alongside a 7 MW captive solar plant. No project value or location has been disclosed in available reporting as of 30 October 2026.
Where will the Manaksia Coated steel plant be located?
The location of the proposed Manaksia Coated facility has not been disclosed in available reporting. Only the capacity targets of 2.36 lakh MTPA and 7 MW solar have been reported as of 30 October 2026.
How many ferrous metals projects are active in India?
Projects India tracks 2,314 live projects in the Ferrous Metals (Iron and Steel) sub-sector across India, with 38 added in the last 90 days. Chhattisgarh leads with 433 tracked projects, followed by Maharashtra at 248 and West Bengal at 240.
