Magnus Steel and Infra Lands Major Steel Supply Contract for Tata Motors Projects
Magnus Steel and Infra Ltd has successfully been empanelled as an approved steel supplier for Tata Motors Limited’s upcoming manufacturing facilities in Gujarat and Maharashtra. The company has begun receiving substantial Purchase Orders through Tata Motors' project contractor, M/s. RIECO Industries Limited.This contract marks a significant strategic entry for the firm into the automotive Original Equipment Manufacturer (OEM) infrastructure supply chain. Securing the supplier position for Tata Motors' new plant construction provides Magnus Steel and Infra with a visible, multi-year revenue opportunity tied to India's expanding automobile and infrastructure sectors.
The company has previously undergone a business transformation, transitioning from information technology services to steel trading and infrastructure supply, and this order validates its capability to service large-scale industrial projects.
Contract Details and Scope
The order details specify the supply of Hot Rolled Steel Plates (IS 2062 Grade A), HR Sheets, and Structural Steel Channels. These products are designated for the construction of industrial sheds and associated infrastructure at the automobile manufacturing facilities.The contract was awarded by M/s. RIECO Industries Limited, and the ultimate beneficiary is Tata Motors Limited's new manufacturing plant projects in Gujarat and Maharashtra. The supply process commenced in March 2026, with Purchase Orders anticipated to be released in phases throughout the Financial Year 2026-27.
Key operational and financial parameters of the order include:
| Detail | Description |
|---|---|
| Products Supplied | Hot Rolled Steel Plates, HR Sheets, Structural Steel Channels (5mm to 40mm thickness) |
| Project Beneficiary | Tata Motors Limited (Gujarat and Maharashtra new plants) |
| Contracting Entity | M/s. RIECO Industries Limited |
| Delivery Terms | FOB - Vendor Place, with transport to RIECO's Kuruli Plant, Pune and Ankleshwar, Gujarat |
| Pricing Basis | Based on prevailing market rates of steel with agreed margins |
| Payment Terms | 45 days from date of Goods Receipt Note (GRN) |
Financial Scope and Revenue Impact
Magnus Steel and Infra reported detailed figures regarding the order book, encompassing executed orders and future pipeline potential.The company estimates its total order book from this engagement (executed plus pipeline) to be approximately Rs. 32.50 Crores.
The financial details are as follows:
| Financial Component | Value/Quantity | Status/Period |
|---|---|---|
| Orders Executed | 1,200 Metric Tonnes (aggregating Rs. 8.50 Crores) | March - April, 2026 |
| Additional Pipeline Orders | Approximately Rs. 24 Crores | FY 2026-27 (released in six phases) |
| Order Currently Under Execution | Approximately 300 Metric Tonnes | Scheduled for delivery in May, 2026 |
| Total Estimated Order Book | Approximately Rs. 32.50 Crores | - |
The revenue impact analysis shows that Rs. 8.50 Crores was already recognized from orders executed in March-April 2026. The additional pipeline of approximately Rs. 24 Crores is expected to result in substantial revenue accretion during FY 2026-27. For context, the company's total revenue for FY 2025-26 was Rs. 22.58 Crores. The successful execution of the full pipeline alone is expected to represent a material increase in the company's revenue run-rate.
The company also noted that this contract helps diversify its revenue base into the automobile infrastructure sector, reducing reliance on the agro-products trading segment.
Stock Price Movement
At 14:59, Magnus Steel and Infra Ltd shares are ticking up significantly, trading at ₹193.05, up 4.98% for the day. Throughout the session, the stock has remained tight, finding its range between a low of ₹193.00 and a high of ₹193.05.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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