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Indian firm Manaksia upgrades credit ratings to A and A1, citing strong finances and expansion plans.
Manaksia Coated Metals and Industries, an Indian manufacturer and exporter of coated metal products, has received an upgrade to its external credit ratings from Acuité Ratings & Research, with its long-term rating raised to A and short-term rating to A1.
The upgrade reflects the company’s strong financial health, consistent performance, and effective management, supported by a solid balance sheet and robust operations.
The company plans to expand production capacity to 180,000 MTPA via an Aluminium-Zinc technology upgrade, launch a 7.0 MWp captive solar project to cut energy costs, and commission a new color coating line by late 2026 to boost high-margin output.
These initiatives, along with improved credit standing, are expected to enhance financial flexibility, reduce borrowing costs, and strengthen its global market position, driven by strong export demand and a healthy order pipeline.
La firma india Manaksia mejora la calificación crediticia a A y A1, citando fuertes finanzas y planes de expansión.