Visakhapatnam: Steel Exchange India Limited (SEIL), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand ‘SIMHADRI TMT’, has announced a further key advancement in its ongoing deleveraging efforts.
The Company has repaid ₹15 crore towards its Term Loan facilities, representing approximately 5.5% of its total outstanding debt, reflecting its continued focus on balance sheet strengthening and prudent financial management.
This follows the Company’s earlier redemption of ₹43.19 crore towards Non-Convertible Debentures (NCDs) and repayment of ₹28 crore over the preceding quarters. With the latest repayment, the Company’s total debt reduction now stands at approximately ₹86 crore in the recent period, highlighting continued progress in deleveraging supported by strong operational cash flows and Equity Inflow.
Further, the Company is pleased to inform that consequent to this reduction, it has discharged and repaid around 25% of its long-term debt since October 2025, reaffirming its commitment to financial discipline and marking substantial progress towards becoming debt-free in the near future.
This development highlights the Company’s strong cash flow generation and improving financial position, supported by a disciplined approach towards debt reduction. It also provides greater visibility on lower finance costs and improved earnings quality going forward.
