Magnus Steel and Infra Limited has announced its successful entry into the automotive infrastructure supply chain by securing a significant supply contract for Tata Motors Limited's new manufacturing facilities in Gujarat and Maharashtra.
This marks a pivotal moment for the company, which has transitioned from information technology services to steel trading and infrastructure supply.
The contract was awarded by M/s. RIECO Industries Limited, the project contractor for Tata Motors.
Magnus Steel will supply hot rolled steel plates, HR sheets, and structural steel channels for the construction of industrial sheds at Tata Motors' upcoming manufacturing facilities.
The supply terms include pricing based on prevailing market rates, with payment due 45 days from the date of the Goods Receipt Note (GRN).
Delivery is set as FOB from the vendor's place, with transportation to RIECO's plants in Pune and Ankleshwar.
The steel products must meet IS 2062 and other relevant BIS standards, with a Material Test Certificate (MTC) required for each lot.
The contract execution began in March 2026, with purchase orders being released in phases over the financial year 2026-27.
As of March-April 2026, Magnus Steel has executed orders amounting to approximately 1,200 metric tonnes, valued at ₹8.50 crore.
An additional pipeline of orders worth approximately ₹24 crore is expected to be released in 6 phases, aligning with the construction progress at project sites.
Read More: Tata Motors April 2026 Sales Jump 28% YoY to 34,833 Units!
The revenue from this contract is expected to significantly boost Magnus Steel's financial performance.
The company's total revenue for FY 2025-26 was ₹22.58 crore, and the successful execution of the full pipeline could materially increase its revenue run-rate.
Profitability will depend on steel procurement costs and margin realisation at the time of each delivery.
As of May 12, 2026, at 2:52 PM, Magnus Steel and Infra share price on BSE was trading at ₹202.70 up by 5.00% from the previous closing price.
Magnus Steel's successful entry into the automotive infrastructure sector through this supply contract with Tata Motors represents a major milestone. The contract not only enhances the company's revenue prospects but also diversifies its revenue base, reducing reliance on the agro-products trading segment.
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Published on: May 12, 2026, 3:38 PM IST
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