Small Cap Steel Stock Hits 5% Upper Circuit After Receiving Rs 32.5 Crore Tata Motors-Linked Order Pipeline

Indian equity markets ended lower on Monday, with the benchmark Nifty 50 index declining 1.49 per cent to close at 23,815.85. Despite weakness in the broader market, stock-specific buying interest remained visible in select infrastructure and steel counters. In this segment, Magnus Steel and Infra remained in focus after the company announced a new order pipeline linked to Tata Motors projects. On Monday, Magnus Steel and Infra share price gained 4.98 per cent to end at Rs 193.05.

Magnus Steel and Infra Receives Tata Motors-Linked Orders

Magnus Steel and Infra informed exchanges that the company has been empanelled as an approved steel supplier for Tata Motors Limited’s upcoming manufacturing facilities in Gujarat and Maharashtra. The company stated that it has commenced supplies through Tata Motors’ project contractor, RIECO Industries Limited, Pune, and has already received purchase orders aggregating significant value.

According to the filing, orders worth approximately Rs 8.50 crore covering around 1,200 metric tonnes have already been executed during March and April 2026. The company further disclosed an additional order pipeline of around Rs 24 crore for FY27, expected to be released in six phases based on project Construction progress.

The total estimated Order Book from this engagement, including executed and pipeline orders, stands at around Rs 32.50 crore. The company also stated that approximately 300 metric tonnes of material are currently under execution for delivery during May 2026.

Business Expansion

The company stated that this engagement marks its formal entry into the automotive OEM infrastructure supply chain. Magnus Steel and Infra added that the order provides a visible multi-year revenue opportunity linked to India’s automobile and infrastructure sectors.

The company further stated that it has transitioned from information technology services to steel trading and infrastructure supply business in recent years and the current order validates its capability to execute large-scale industrial supply projects.

About Company

Magnus Steel and Infra is engaged in steel trading and infrastructure supply operations catering to industrial and infrastructure projects. The company supplies hot rolled steel plates, HR sheets and structural steel products across multiple applications.

The company has been focusing on expanding its industrial supply business and infrastructure-linked order book through engagements with manufacturing and industrial sector clients.

Share your views on Magnus Steel and Infra’s latest Tata Motors-linked order pipeline in the comments below.
Disclaimer: This article is for informational purposes only and not investment advice.