Steel Exchange India Limited Infuses ₹ 75 Crore Capital Through Convertible Warrant Issue
Steel Exchange India Limited (SEIL) has reinforced its financial structure, receiving an upfront infusion of ₹ 75 Crore through the allotment of convertible warrants. The capital infusion was received from M/s India Coke and Power Private Limited and M/s IMR Steel Private Limited, which is part of the IMR Group.This receipt forms part of the company's larger capital raise plan, which aims to secure funding up to ₹ 350 Crore through the issuance of convertible warrants on a preferential basis. The fund raise was approved by the Board of Directors on March 04, 2026.
The investment is structured under the following key details:
| Metric | Details |
|---|---|
| Total Issue Size | Up to ₹ 350 Crore |
| Amount Received (Subscription) | ₹ 75 Crore |
| Tenure | Convertible within 18 months from the date of allotment |
The strategic capital infusion is designed to support operational efficiency, strengthen the supply chain, reduce debt, and enhance the company's overall competitiveness. Furthermore, the funds will facilitate access to global sourcing of critical raw materials, including metallurgical coke, coking coal, non-coking coal, and ferrous scrap.
Management noted that this development aligns with the company's positioning as an integrated steel manufacturer, helping it to cater to the growing steel demand in India and strengthening long-term linkages within the steel value chain.
Commenting on the capital update, the management stated, "We remain focused on strengthening our operational capabilities and building a more integrated and resilient business. With improving demand dynamics in the steel sector, we see strong opportunities to scale efficiently and enhance long-term value creation."
About Steel Exchange India Limited and IMR Group
Steel Exchange India Limited (SEIL), which is part of the Vizag Profiles Group, operates as a leading manufacturer of TMT rebars under the brand 'SIMHADRI TMT'. Since its founding in 1999, the company has grown into a trusted integrated steel manufacturer in Andhra Pradesh and Telangana.SEIL manages an Integrated Steel Plant & Power Unit in Vizianagaram District, Near Visakhapatnam. These facilities provide complete backward and forward integration for long steel production, housing sponge iron, billet, a rolling mill, and power generation capacities.
On the investment side, IMR Group is a major international metals and mining group headquartered in Switzerland, with a presence across over 17 countries. IMR is active in trading mineral resources for the steel and power industries, mining activities (in Indonesia, South Africa, Mexico, and India), and downstream steel production.
The participating entities are:
- India Coke and Power Private Limited (ICPPL): This is IMR Group’s primary trading entity, focusing on imported mineral resources and critical raw materials for the steel, cement, and power industries.
- IMR Steel Private Limited (ISPL): This is a special purpose vehicle company within IMR Group, established with the objective of investing into steel and related assets.
STEELXIND Stock Price Movement
Shares of STEEL EXCHANGE INDIA LIMITED are edging higher to ₹9.95 as of 9:22 AM today, rallying 1.95% in live trading. The stock shows strong intraday momentum, backed by a total traded volume of 988,046 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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