+
Steel Exchange India Reports Rs 280 mn Debt Repayment
Steel

Steel Exchange India Reports Rs 280 mn Debt Repayment

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code