Manufacturing of TMT steel bars is regarded as a major industry in its own right. The Global TMT Steel bar market is expected to grow at the CAGR of more than 8 percent until 2023. With the government building a huge investment infrastructure, TMT bars market in India is expected to grow year on year. Secondary steel makers are holding a strong position in supply of infra projects since the government removed the distinction between secondary and primary producers. Established in 2016, Magna TMT began its journey with a production capacity of 5000 MT/month.
Offering Fe550 grade TMT bars in size ranges of 8mm to 32mm, Magna TMT has developed a name for itself for its superior quality and grade. For coastal area infrastructure related projects, the company offers Fe550D CRS grade TMT bars. It is the unique combination of strength and ductility that makes Magna TMT an ideal choice for all modern-day constructions such as Dams, bridges, high rises and any critical structure.
The First And Only TMT Brand In The Country To Offer Free Replacement Guarantee Card:
“Customers are now increasingly becoming aware of the importance of quality products. The role of structural engineers has also become very
important as customers like to use products recommended by the engineers. Consequently, not only the quality but also the consistency in quality is something the clients expect from us.
MAGNA®, since the time of its inception has been single mindedly focusing on this aspect and is the first TMT brand in the country to give a free replacement guarantee card to its customers against any deficiency in quality. The parameters such as strength, ductility, weight and bend/ rebend properties can be tested in any NABL approved lab and guarantee can be claimed in case of any deviation from the standards. This has given a lot of confidence to our customers.” says Kushal Agarwal, Director of Magna TMT’s parent company.
The firm is thriving on Thermex technology which is a patented quenching and self tempering technology of HSE, Germany and is responsible to impart the necessary physical properties to the TMT bars. The Thermex system is very reliable and there are no rejections generated in the process due to which the quality of material remains consistent throughout.
Future Growth Plans:
Within a short span of time, MAGNA® has set a niche in this domain with its superior quality and grade, and most of its growth owing to its word of mouth appreciation. “We started our journey in 2016 with a production capacity of 5000 MT/month. We doubled the capacity to 10000 MT/month in 2019 and we are further set to double production capacity to 20000 MT/month by the end of 2022.
It is the unique combination of strength and ductility that makes Magna TMT an ideal choice for all modern-day constructions such as Dams, bridges, high rises and any critical structure.
Besides this, we also plan to set up refining facilities to make grades such as Fe 500 D, Fe 550 D and Fe 550D CRS to cater to infrastructure projects” highlights Kushal Agarwal.
Today, MAGNA TMT is a name synonymous with guaranteed quality product. The dealers give out the Magna guarantee card with every sale which gives immense confidence to the customers. Also, the firm has a team of marketing professionals who not only provide the customers with top class service but also address complaints of any kind, which are taken very sincerely and the problem is sorted immediately.
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