Tata Motors Appoints Magnus Steel as Partner for Manufacturing Projects
Magnus Steel and Infra Limited Secures Steel Supply Contract with Tata Motors Limited
Magnus Steel and Infra Limited, a Nashik-based firm, has been empanelled as an approved steel supplier for automobile manufacturing projects of Tata Motors Limited in Gujarat and Maharashtra. The company said that supplies have commenced through RIECO Industries Limited, the project contractor for the facilities.
According to Magnus Steel, the company has received purchase orders for supplying steel products required for construction and infrastructure work at the project sites. The firm executed orders worth around Rs 8.50 crore during March and April 2026. Further orders worth nearly Rs 24 crore are expected to be released in phases during FY27, subject to the progress of construction activities. Based on this, the total estimated order engagement could reach around Rs 32.50 crore.
| Supplier | Tata Motors Limited |
|---|---|
| Order Value (Rs crore) | 32.50 |
| Expected Order Value (Rs crore) | - |
| Location | Gujarat and Maharashtra |
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The company said supplies are being carried out in line with the phased construction schedule of the manufacturing projects. This empanelment marks the company's entry into the automotive manufacturing infrastructure segment as it continues to shift its business focus toward steel trading and industrial supply operations.
Magnus Steel, formerly known as Magnus Retail Limited, had earlier operated in information technology services before diversifying into steel and infrastructure-related activities. The empanelment process involved supplier qualification procedures and technical assessments conducted by RIECO Industries.
The development comes amid continued investment in manufacturing and industrial infrastructure across India, particularly in sectors such as automobiles, logistics, and engineering. Karronn Naresh Bajaj, Managing Director of Magnus Steel and Infra Limited, said the company would focus on execution and maintaining supply standards for industrial projects.
India is witnessing strong growth in manufacturing and infrastructure development, and we believe this creates significant long-term opportunities for companies operating in the steel and industrial supply space.
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Investor Takeaway
Tata Motors' partnership with Magnus Steel may lead to increased demand for steel products in the automotive manufacturing sector.
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