Steel Exchange India Limited Receives 5-Year Renewal for TMT Bar Manufacturing from Ministry of Defence
Steel Exchange India Limited has secured a crucial renewal of its approval for the manufacturing and supply of TMT bars from the Military Engineer Services (MES) under the Ministry of Defence. The approval renewal, received on May 5, 2026, ensures the company's continued position in the critical government infrastructure supply segment.The renewal covers the production and supply of TMT bars under the brand SIMHADRI TMT. These bars meet stringent industry standards and include the grades Fe 500D and Fe 500D HCRM, available in a size range of 8 mm to 32 mm.
The company operates its integrated steel plant for this purpose at Sriram Puram, Vizianagaram, Andhra Pradesh, utilizing TEMPCORE technology for manufacturing.
The renewal, granted by the Directorate General of Work (DGW), Military Engineer Services, extends the authorization for a period of five years.
The key details of the approval renewal are as follows:
| Particulars | Details |
|---|---|
| Authority Granting Approval | Directorate General of Work (DGW), Military Engineer Services |
| Date of Approval Receipt | May 05, 2026 |
| Validity Period | 5 years |
| Products Covered | TMT Bars (SIMHADRI TMT) |
| Grades | Fe 500D and Fe 500D HCRM |
| Size Range | 8 mm to 32 mm |
The continued operation under this approval enables Steel Exchange India Limited to sustain its business operations, reinforcing its capability to supply high-quality TMT bars in compliance with applicable standards and regulatory requirements. This renewal solidifies the company's participation in major government and infrastructure-linked projects.
STEELXIND Stock Price Movement
Shares of STEEL EXCHANGE INDIA LIMITED are edging higher to ₹10.12 as of 9:41 AM today, rallying 1.00% in live trading. The stock is experiencing robust momentum, fueled by total traded volume surpassing 1.07 million shares in the current session.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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