Steel Exchange India has repaid ₹15 crore towards its term loan facilities, representing approximately 5.5% of its total outstanding debt. This repayment contributes to a cumulative debt reduction of approximately ₹86 crore since October 2025, marking the achievement of around 25% of its long-term debt reduction target. The company aims to become debt-free in the near future, supported by strong operational cash flows and equity inflow.

Debt Reduction Milestone

The latest repayment underscores Steel Exchange India's commitment to strengthening its balance sheet. The key highlights of the company's debt reduction progress are summarised below:

Strategic Deleveraging Progress

The repayment of the ₹15 crore term loan brings Steel Exchange India's total debt reduction to ₹86 crore. This follows the earlier redemption of ₹43.19 crore towards Non-Convertible Debentures (NCDs) and repayment of ₹28 crore over the preceding quarters. The company has now met its 25% debt reduction target, reflecting a disciplined approach to managing its financial obligations. This development signals a meaningful improvement in the company's leverage position and provides greater visibility on lower finance costs and improved earnings quality.

Operational Performance

For FY26, Steel Exchange India reported a Total Income of ₹1067.00 Cr, EBITDA of ₹138.03 Cr, and Net Profit of ₹27.00 Cr. The management stated that the continued focus on disciplined financial management and capital structure strengthening remains centered on improving efficiency and optimizing capital allocation to support long-term growth.

Steel Exchange India has secured vendor approval from the Andhra Pradesh Capital Region Development Authority (APCRDA) to supply its SIMHADRI TMT bars for construction projects in Amaravati. The approval, granted on June 12, 2026, authorizes the use of primary source TMT bars manufactured by the company for ongoing and upcoming capital city construction works. This development is expected to enhance the company's visibility and participation in infrastructure projects within the Amaravati Capital Region, which involves a massive investment of ₹65,000 crore.

The regulatory filing submitted to the exchanges confirms that the approval covers multiple steel grades. The specific grades authorized for use include Fe550, Fe500D, Fe550D, and Fe550D CRS, which stands for Corrosion Resistant Steel. These products will be utilized in various projects undertaken by APCRDA. The management of Steel Exchange India Limited stated that receiving APCRDA approval is a significant recognition of product quality and manufacturing capabilities, reinforcing the company's strategy of expanding participation in large-scale infrastructure projects.

Details of the Approval

The following table outlines the key particulars of the regulatory approval received by Steel Exchange India:

The approval was communicated by R. Gopala Krishna Reddy, Group Director (US & I) and Engineer-In-Chief of APCRDA. Copies of the approval letter have been circulated to major infrastructure firms including L&T Ltd, NCC Ltd, MEIL, and Shapoorji Pallonji & Co Ltd for information and compliance.

Financial Performance

For FY26, the company has reported Total Income of ₹1,066.42 Cr, EBITDA of ₹138.03 Cr and Net Profit of ₹26.99 Cr.