Steel Exchange India Limited advances its growth strategy with major project wins, a logistics subsidiary launch, and a INR 210 crore billet conversion deal.
Aug 5, 2025
Steel Exchange India Limited has secured approvals for its SIMHADRI TMT rebars in two major Andhra Pradesh port projects — Machilipatnam (Megha Engineering) and Mulapeta (Vishwa Samudra JV). It also incorporated a new subsidiary, SEIL Infra Logistics Limited, to unlock value from non-core assets and sharpen its focus on infrastructure and logistics.
Additionally, SEIL bagged a INR 210 crore contract from RINL for converting 1.2 LTPA billets into Vizag Steel TMT rebars.
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“We’re encouraged by the momentum seen in the first quarter of the year. The performance reflects growing demand for our SIMHADRI TMT products and the impact of our continued focus on operational efficiency. Winning approvals for key infrastructure projects in Andhra Pradesh reaffirm the strength of our brand and the trust placed in our quality. At the same time, we are progressing on strategic initiatives such as the creation of our infra-logistics subsidiary, which will help us unlock further value from our ecosystem. With these developments, we remain optimistic about building on this foundation through the rest of the year,” said Mr. Suresh Kumar Bandi, Joint Managing Director, Steel Exchange India Limited.
