Steel Exchange India Limited (SEIL), one of the leading integrated steel manufacturers in South India and the maker of SIMHADRI TMT, has reported the repayment of Rs 280 mn of debt over the last two quarters. The company informed exchanges under listing regulations that the repayment was part of scheduled deleveraging measures aimed at strengthening the balance sheet. The update followed credit facilities that were taken in September 2025 to support operations and growth initiatives.

During the period October 2025 to March 2026 a partial redemption was executed with Rs 214.3 mn directed towards term loans and Rs 70.9 mn allocated to non-convertible debentures. Management attributed the repayments to improving cash flow generation and disciplined capital allocation. These repayments represent steady progress in reducing leverage and in addressing medium term liabilities.

The company said that ongoing deleveraging is expected to lower finance costs and provide greater flexibility to pursue growth in a capital efficient manner. This financial discipline is intended to support investment in value added segments while maintaining operational stability. Analysts and stakeholders will monitor cash flow trends and capital allocation to assess sustainability of the improvement.

Steel Exchange India Limited operates an integrated steel plant and power unit in Vizianagaram district near Visakhapatnam providing sponge iron, billet, rolling mill and power generation capacities for long steel production. For fiscal year 2025 the company reported total income of Rs 11,633.7 mn, EBITDA of Rs 1,436 mn and net profit of Rs 259.3 mn. The company, part of the Vizag Profiles Group, is pursuing diversification into specialty steels under the production linked incentive scheme to support import substitution and expand value added offerings.