IMR Group to Invest Three Billion in Steel Exchange India

10 Mar 2026 CW Team

IMR is headquartered in Switzerland and has operations in over 17 countries with a fully integrated metals platform spanning mineral trading, mining and downstream steel production. The group will leverage global sourcing capabilities for critical raw materials including metallurgical coke, coking coal, non-coking coal and ferrous scrap to enhance SEIL’s supply chain security and operational efficiency. The investors expect that access to imported inputs and international marketing channels will improve competitiveness and market reach for SEIL products.

Company executives indicated that the investment will support capacity utilisation, fund working capital needs and enable targeted capital expenditure to expand forward integration. The funding is also expected to facilitate optimisation of the existing debt mix and provide balance sheet flexibility for strategic initiatives. IMR’s involvement will include support for international marketing of SEIL’s finished products to create additional value and to help the company capitalise on rising domestic steel demand.

SEIL, a flagship company of the Vizag Profiles Group, operates a port-based integrated steel plant near Visakhapatnam in Andhra Pradesh. The plant has capacity to produce 220,000 TPA of sponge iron, 362,000 TPA of billets, 357,000 TPA of TMT rebars and 60 megawatt (MW) of power, and manufactures TMT rebars under the Simhadri TMT brand. Management noted that the strategic location and the partnership with IMR are expected to support supply chain efficiencies and customer reach both domestically and overseas.

IMR Group (IMR) will invest Rs three billion (bn) in Steel Exchange India Limited (SEIL) through subscription to share warrants, while SEIL plans to raise Rs three point five bn via a preferential issue. The investment will be routed through IMR’s Indian entities India Coke and Power Private Limited (ICPPL) and IMR Steel Private Limited (ISPL). The capital infusion is intended to strengthen SEIL’s operations, optimise its debt structure and position the company for accelerated growth as part of IMR’s forward integration strategy in India. IMR is headquartered in Switzerland and has operations in over 17 countries with a fully integrated metals platform spanning mineral trading, mining and downstream steel production. The group will leverage global sourcing capabilities for critical raw materials including metallurgical coke, coking coal, non-coking coal and ferrous scrap to enhance SEIL’s supply chain security and operational efficiency. The investors expect that access to imported inputs and international marketing channels will improve competitiveness and market reach for SEIL products. Company executives indicated that the investment will support capacity utilisation, fund working capital needs and enable targeted capital expenditure to expand forward integration. The funding is also expected to facilitate optimisation of the existing debt mix and provide balance sheet flexibility for strategic initiatives. IMR’s involvement will include support for international marketing of SEIL’s finished products to create additional value and to help the company capitalise on rising domestic steel demand. SEIL, a flagship company of the Vizag Profiles Group, operates a port-based integrated steel plant near Visakhapatnam in Andhra Pradesh. The plant has capacity to produce 220,000 TPA of sponge iron, 362,000 TPA of billets, 357,000 TPA of TMT rebars and 60 megawatt (MW) of power, and manufactures TMT rebars under the Simhadri TMT brand. Management noted that the strategic location and the partnership with IMR are expected to support supply chain efficiencies and customer reach both domestically and overseas.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

Infrastructure Transport

02 Apr 2026

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Technology

02 Apr 2026

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..