Magnus Steel touches roof on BSE
Magnus Steel And Infra is currently locked its upper circuit at Rs. 202.70, up by 9.65 points or 5.00% from its previous closing of Rs. 193.05 on the BSE.
The scrip opened at Rs. 202.70 and has touched a high and low of Rs. 202.70 and Rs. 202.65 respectively. So far 62190 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 202.70 on 12-May-2026 and a 52 week low of Rs. 4.66 on 12-May-2025.
Last one week high and low of the scrip stood at Rs. 202.70 and Rs. 119.88 respectively. The current market cap of the company is Rs. 68.52 crore.
The promoters holding in the company stood at 46.13%, while Non-Institutions held 53.87% stake in the company.
Magnus Steel and Infra has been empanelled as an approved steel supplier for Tata Motors' upcoming manufacturing facilities at Gujarat and Maharashtra. The engagement pertains to supply of steel products (HR Plates, HR Sheets, Channels of various thicknesses ranging from 5mm to 40mm) for industrial shed construction at automobile manufacturing facilities. This engagement marks the company's formal entry into the automotive OEM infrastructure supply chain. Tata Motors is one of India's largest automobile manufacturers, and securing a supplier position for its new plant construction provides the company with a visible, multi-year revenue opportunity tied to India's growing automobile and infrastructure sectors.
The company has commenced supplies through Tata Motors' project contractor, M/s. RIECO Industries, Pune, and executed around 1,200 Metric Tonnes orders worth Rs 8.50 crore in March - April, 2026. The additional pipeline orders for FY 2026-27 are worth around Rs 24 crore to be released in six phases as per construction progress at the project sites. Further, around 300 Metric Tonnes order is under execution and scheduled for delivery in May, 2026. The total estimated order book from this engagement, including executed and pipeline orders, is around Rs 32.50 crore.
The company has undergone a business transformation in recent years, having transitioned from information technology services to steel trading and infrastructure supply. This order validates the company's capability to service large-scale industrial projects.
