Steel Exchange India Secures APCRDA Approval for SIMHADRI TMT in Amaravati Capital City Projects
Steel Exchange India Limited (SEIL), a leading integrated steel manufacturer and trusted provider of SIMHADRI TM T TMT rebars in South India, has secured formal approval from the Andhra Pradesh Capital Region Development Authority (APCRDA). This approval allows the company to use its flagship SIMHADRI TMT products in construction works related to the Amaravati Capital City development program.The APCRDA approval encompasses several key grades of steel, including Fe550, Fe500D, and Fe550D CRS. This milestone solidifies SEIL's position as a crucial primary source vendor for infrastructure projects being undertaken by APCRDA. With the government launching the massive ₹ 65,000 crore Amaravati Capital City project, this approval significantly enhances SEIL's visibility across the project execution ecosystem.
The company’s management stated that receiving the APCRDA approval is a significant recognition of its product quality and manufacturing capabilities. This development supports SEIL's strategy to expand participation in large-scale infrastructure and construction projects and strengthens its market presence in Andhra Pradesh.
Company Operations and Market Presence
Steel Exchange India Limited, which is part of the Vizag Profiles Group, operates an Integrated Steel Plant and Power Unit located in Vizianagaram District near Visakhapatnam. Established in 1999, SEIL has developed from a steel trading platform into one of the most trusted integrated steel manufacturers in Andhra Pradesh and Telangana.The company’s integrated facilities house sponge iron, billet, rolling mill, and power generation capabilities, allowing for complete backward and forward integration in long steel production. SEIL maintains a strong brand presence and has a proven supply track record, serving both critical infrastructure projects and the Armed Forces. In line with the Atmanirbhar Bharat vision, the company is diversifying into specialty steels under the PLI scheme to expand its value added offerings and support import substitution.
Financial Highlights for FY26
Steel Exchange India Limited reported specific financial figures for Fiscal Year 2026 (FY26). The company maintained a strong performance across key metrics, demonstrating stability in the steel market.Key financial indicators are detailed below:
| Metric | Value |
|---|---|
| Total Income | ₹ 1,066.42 Cr |
| EBITDA | ₹ 138.03 Cr |
| Net Profit | ₹ 26.99 Cr |
STEELXIND Stock Price Movement
Shares of STEEL EXCHANGE INDIA LIMITED are edging higher to ₹12.45 as of 9:18 AM today, gaining 8.36% in live trading. The equity traded within a range of ₹12.20 and ₹12.45, with the stock changing hands through a volume of 201,691 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.