Steel Exchange India Limited paid ₹1.54 crore in monthly interest on its Secured Non-Convertible Debentures (NCDs) on September 7, 2026. The payment aligns with the scheduled due date for the instrument.

The company disclosed the transaction under Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The interest payment relates to the NCD series with ISIN INE503B07044.

Payment Details

The total issue size for this NCD series stands at ₹38.28 crore. The interest is payable on a monthly basis, with no changes to the frequency reported.

Raveendra Babu M, Company Secretary and Compliance Officer, certified the payment. The company confirmed there were no delays or reasons for non-payment.

Steel Exchange India achieved a record monthly re-bar production of 24,823.509 MT in August 2026, marking the highest-ever output since inception following the commissioning of a new reheating furnace.

Record production milestone

The company attributed the achievement directly to the successful commissioning and operationalisation of the Reheating Furnace (RHF). The August 2026 figure represents the highest monthly re-bar production recorded by Steel Exchange India since its inception.

Production breakdown

The total production was split between the Continuous Casting Machine (CCM) and the new Reheating Furnace (RHF).

Facility-wise contribution

The addition of the new reheating furnace marks a significant capacity enhancement for Steel Exchange India's manufacturing operations, enabling the company to reach this production milestone. Management stated that the RHF has increased the company's monthly re-bar production capability by approximately 27%.

What the Numbers Show

The RHF contributed nearly 30% of the total August output (7,465.288 MT out of 24,823.509 MT), indicating that the new facility is already operating at significant utilisation levels immediately post-commissioning. This rapid uptake suggests minimal ramp-up friction and validates the capacity expansion strategy.