Magnus Steel: Tata Motors Approved Supplier

Mumbai, May 11 (PTI) Magnus Steel and Infra on Monday said it has been empanelled as an approved steel supplier for the upcoming automobile manufacturing projects of Tata Motors in Gujarat and Maharashtra.

The company has already commenced supplies through RIECO Industries Ltd, the project contractor for the facilities, and has received multiple purchase orders for the supply of steel products to support construction and infrastructure development at the project sites, a statement said.


Magnus Steel and Infra Ltd expects an additional order pipeline of nearly Rs 24 crore to be released in multiple phases during FY27 based on the progress of construction activities, taking the total estimated engagement size to around Rs 32.50 crore, it said.

The company's Managing Director, Karronn Naresh Bajaj, said, "Our engagement in projects linked to Tata Motors marks an important milestone for the company and reflects the progress we have made in strengthening our industrial supply capabilities."