Steel Exchange India Reports Rs 280 mn Debt Repayment

13 Apr 2026 CW Team

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.

Real Estate

23 May 2026

NKN Media Taps Jacqueline Fernandez for International Property Expo

NKN Media has announced Jacqueline Fernandez as the celebrity face of its International Property Expo 2026, scheduled in New Delhi on 4–5 July. Leveraging her international presence and fashion influence, Fernandez has already promoted the expo on her Instagram, enhancing its lifestyle appeal.The collaboration highlights NKN Media’s vision to present international real estate as part of lifestyle evolution and global mobility, beyond conventional investment discussions. The expo will feature premium opportunities from leading global destinations, connecting prospective buyers with internat..

Ammann India Launches CPB36 Truck Mounted Boom Pump

Ammann India has commercially launched the CPB36 truck-mountedom pump under the Ammann Elba brand, marking its entry into the concrete boom pump segment. Manufactured in Gujarat, the CPB36 is engineered for Indian conditions, complex concrete mixes, and large-scale construction projects, ncluding metro rail, highways, airports, industrial corridors, and residential developments.The CPB36 combines German engineering with Swiss precision and offers a 35.8 m vertical reach, 32 m horizontal reach, four-arm roll fold boom, and a maximum output of 100 m³/hr. Key features include the 2000 × 230 pum..

TDI Premier League 2026 Set to Kick Off in Kundli

TDI Infrastructure is launching the inaugural TDI Premier League from 23rd May 2026 at Dheer Dhoop Sports Academy, Kundli, Sonipat. The tournament brings together ten competitive teams, including Kingsbury Knights, Espania Royals, TDI Titans, and Kundli Tigers, celebrating cricket, teamwork, and community engagement.The event features league-stage matches, knockout rounds, and a grand finale on 7th June 2026. The winning team will receive a championship trophy recognising performance, dedication, and sportsmanship. Organised as a vibrant sporting initiative, the league aims to foster employee,..