Mumbai: Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748) has announced its unaudited financial results for Q1 FY26.
Recent Business Highlights:
- SIMHADRI TMT rebars approved for two major AP port projects – Machilipatnam (Megha
Engineering) and Mulapeta (Vishwa Samudra JV).
- Incorporated a wholly owned subsidiary SEIL Infra Logistics Ltd on June 29, 2025, to unlock value from non-core assets and drive focus on infra & logistics.
- Received a contract for a value up to ₹ 210 Cr from RINL for conversion of 1.2 LTPA billets to Vizag Steel TMT rebars.
Commenting on the performance Suresh Kumar Bandi, Joint Managing Director, Steel Exchange India Limited said, “We’re encouraged by the momentum seen in the first quarter of the year. The performance reflects growing demand for our SIMHADRI TMT products and the impact of our continued focus on operational efficiency. Winning approvals for key infrastructure projects in Andhra Pradesh reaffirm the strength of our brand and the trust placed in our quality. At the same time, we are progressing on strategic initiatives such as the creation of our infra-logistics subsidiary, which will help us unlock further value from our ecosystem. With these developments, we remain optimistic about building on this foundation through the rest of the year.”
