Magnus Steel & Infra, engaged in the trading of iron & steel and engineering products, has completed a ₹60-crore transaction advisory mandate.
The transaction facilitation services were rendered to Shun Shing India. The transaction demonstrates the company’s position as a multifaceted business platform, combining steel trading, infrastructure solutions and transaction advisory services to drive sustainable growth and enhance shareholder value.
Recently, the company secured a significant business milestone by being empanelled as an approved steel supplier for manufacturing facilities coming up in Gujarat and Maharashtra.
The company has commenced supplies through Tata Motors’ project contractor, RIECO Industries, and has executed orders worth about ₹8 crore during March-April 2026. Additionally, the company expects a further order pipeline of about ₹24 crore to be released in phases during FY27, taking the total estimated opportunity from this engagement to about ₹32 crore.
This strategic win marks formal entry into the automotive OEM infrastructure supply chain and validates its transformation into a steel trading and infrastructure solutions company. Chinmay Pradhan, Managing Director, Magnus Steel & Infra said the company’s empanelment as an approved steel supplier for Tata Motors’ upcoming manufacturing facilities strengthens its position in the industrial infrastructure sector and provides strong revenue visibility for the future.
At the same time, the successful execution of a ₹60 crore transaction facilitation mandate reflects growing capabilities in advisory and consulting services, he said.
Going forward, the company remains focused on expanding market presence, enhancing operational capabilities, and creating sustainable long-term value for shareholders through disciplined execution and strategic growth initiatives, he added.