Steel Exchange India files BRSR for FY26, reports 98% steel revenue share
Steel Exchange India Limited filed its FY26 BRSR, revealing that steel sales drove 98.39% of turnover. The company reported rising energy consumption and Scope 1 emissions but maintained zero liquid discharge. Workforce safety metrics show an increase in worker injury rates, while governance remains compliant with no regulatory penalties recorded.
*this image is generated using AI for illustrative purposes only.
Steel Exchange India Limited submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, to the Bombay Stock Exchange and the National Stock Exchange of India Limited on July 30, 2026. The filing, made pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the company’s sustainability performance, stakeholder engagement, and environmental compliance metrics for FY26. Steel sales remained the dominant revenue driver, contributing 98.39% of the entity’s total turnover, while manufacturing activities accounted for 94.17% of turnover.
The report confirms that CSR provisions under Section 135 of the Companies Act, 2013 are applicable to the company, citing a turnover of ₹105,944 lakh and net worth of ₹49,741 lakh. Raveendra Babu M, Company Secretary & Compliance Officer, signed the submission. The disclosures cover standalone operations, including one integrated steel plant in Vizianagaram District and two offices. The company reported resolving all 11 shareholder complaints received during FY26, with none pending at year-end.
Operational and Workforce Metrics
Steel Exchange India employed a total of 667 employees and engaged 682 workers as of March 31, 2026. Female representation remains low, comprising only 0.89% of employees and 4.10% of workers. The Board of Directors includes one woman, representing 14.29% of the board strength. No differently abled employees or workers were employed during the period.
| Category | Total Count | Male Count | Female Count |
|---|---|---|---|
| Permanent Employees | 275 | 269 | 6 |
| Other than Permanent Employees | 392 | 392 | 0 |
| Permanent Workers | 313 | 310 | 3 |
| Other than Permanent Workers | 369 | 344 | 25 |
Employee turnover for permanent staff stood at 11.29% in FY26, an increase from 9.42% in FY25. Worker turnover was lower at 4.11%. The company conducted health and safety training for 60.72% of employees and 75.71% of workers. All permanent employees and workers underwent career development reviews.
Environmental Performance and Compliance
The company identified greenhouse gas emissions and energy management as key material issues. Total energy consumption rose to 7,785,078 GJ in FY26 from 7,409,336 GJ in FY25, driven primarily by non-renewable sources which accounted for 6,658,852 GJ. Scope 1 emissions increased to 601,053.59 metric tons of CO₂ equivalent, while Scope 2 emissions showed a negative value of -37,130.09 metric tons.
Water withdrawal totaled 355,983 kilolitres, sourced entirely from groundwater (116,800 kilolitres) and third-party sources (239,183 kilolitres). The company reported zero water discharge, attributing this to its Zero Liquid Discharge mechanism where wastewater is neutralized and reused for ash conditioning and green belt development. Air emissions included NOx at 40 µg/m³, SOx at 26 µg/m³, and particulate matter at 52 µg/m³.
Safety and Governance
Safety incidents were limited to workers, with a Lost Time Injury Frequency Rate (LTIFR) of 4.51 per million person-hours worked, up from 3.67 in FY25. There were 15 recordable work-related injuries among workers, compared to 12 in the previous year. No fatalities or high-consequence injuries were reported for either employees or workers. The company maintains ISO 45001:2018 certification for occupational health and safety.
Governance structures include a Corporate Social Responsibility Committee, Stakeholder Relationship Committee, and Risk Management Committee overseeing sustainability policies. The company reported no fines, penalties, or disciplinary actions for bribery or corruption. Related party transactions constituted 0.50% of total purchases and 2.76% of total sales in FY26.
Historical Stock Returns for Steel Exchange India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.98% | -5.36% | -11.75% | +38.31% | +2.11% | +54.02% |
How does the rising employee turnover rate of 11.29% impact Steel Exchange India's operational efficiency and recruitment costs in the competitive steel sector?
What specific strategies is the company implementing to address the significant gender disparity, particularly the near-absence of female representation among non-permanent staff?
Given the increase in Scope 1 emissions and reliance on non-renewable energy, what is the company's roadmap for decarbonization to meet future regulatory standards?
15
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
