Steel Exchange India Secures APCRDA Approval for TMT Use in Amaravati Capital City Projects
Steel Exchange India Limited has secured crucial vendor approval from the Andhra Pradesh Capital Region Development Authority (APCRDA) for its primary source TMT bars to be used in the construction works of Amaravati Capital City. The approval validates the usage of products manufactured by Steel Exchange India Ltd under the brand name "SIMHADRI TMT" for ongoing and upcoming projects within the capital region.The APCRDA granted this vendor approval, effective from June 12, 2026, to be utilized across various construction initiatives in Amaravati. The authorization covers specific grades of high-quality reinforcement steel manufactured by the company.
The approved products include TMT bars categorized under Fe550, Fe500D, and the specialized Corrosion Resistant Steel (CRS) grade, referred to as Fe550D CRS. This approval confirms that SIMHADRI TMT meets the requirements for use in essential infrastructure projects within the region.
Key details regarding this operational achievement are summarized below:
| Particulars | Details |
|---|---|
| Nature of Event | Approval from APCRDA for usage of TMT bars of Steel Exchange India Limited for Amaravati Capital City Construction Works at Amaravati. |
| Date of Receipt of Approval | June 12, 2026 |
| Authority Granting Approval | Andhra Pradesh Capital Region Development Authority (APCRDA) |
| Product Grades Covered | Fe550, Fe500D, Fe550D and Fe550D CRS (Corrosion Resistant Steel) |
| Validity Period | For ongoing and upcoming construction projects in Amaravati Capital City |
The achievement is expected to significantly enhance the company's visibility and participation within the vital infrastructure development projects being undertaken across the Amaravati Capital Region.
STEELXIND Stock Price Movement
On Friday, shares of Steel Exchange India Limited surged, closing out the session at ₹11.49 after gaining 4.64%. The equity traded within a tight band, reaching a high of ₹11.90 and recording a volume of 10.29 million shares during the trading period.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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