Steel Exchange India to host analyst call on June 19

0 min read     Updated on 17 Jun 2026, 12:05 AM
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Steel Exchange India announced it will host a virtual meeting for analysts and investors on June 19, 2026, at 4:00 PM IST. The management will discuss business performance and strategy based on publicly available information, ensuring no Unpublished Price Sensitive Information (UPSI) is shared. The disclosure is made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

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Steel Exchange India will interact with analysts and investors during a virtual meeting scheduled for June 19, 2026. The management will address market participants at 4:00 PM IST to discuss business performance and strategy based on publicly available information. The company confirmed that the discussions will not involve any Unpublished Price Sensitive Information (UPSI).

The interaction is pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Steel Exchange India stated that the details of the meeting will be disclosed on its official website in compliance with Regulation 46(2) of the Listing Regulations.

Meeting Schedule

The company outlined the schedule for the interaction in its regulatory filing:

Day & Date Company/Institution/Analysts/Organization Mode of Meeting
Friday, 19 June 2026, Time- 04:00 PM Analyst(s)/Investor(s) Virtual Meeting

The filing was signed by Raveendra Babu M, Company Secretary & Compliance Officer, on behalf of Steel Exchange India Limited.

Historical Stock Returns for Steel Exchange India

1 Day5 Days1 Month6 Months1 Year5 Years
+3.82%+11.35%+25.84%+64.15%+60.71%+124.61%

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What are the potential market reactions to the outcomes of this analyst meeting?

Steel Exchange India secures APCRDA approval for Amaravati projects

1 min read     Updated on 16 Jun 2026, 05:05 AM
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Steel Exchange India has received approval from the Andhra Pradesh Capital Region Development Authority (APCRDA) to supply its SIMHADRI TMT bars for the ₹65,000 crore Amaravati Capital City projects. The approval covers grades Fe550, Fe500D, Fe550D, and Fe550D CRS. For FY26, the company reported a Total Income of ₹1,066.42 Cr, EBITDA of ₹138.03 Cr, and Net Profit of ₹26.99 Cr.

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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:

Particulars Details
Nature of Event Approval from APCRDA for usage of TMT bars for Amaravati Capital City Construction Works
Date of Receipt of Approval June 12, 2026
Authority Granting Approval Andhra Pradesh Capital Region Development Authority (APCRDA)
Validity Period For ongoing and upcoming construction projects in Amaravati Capital City
Approved Grades Fe550, Fe500D, Fe550D, Fe550D CRS (Corrosion Resistant Steel)

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.

Historical Stock Returns for Steel Exchange India

1 Day5 Days1 Month6 Months1 Year5 Years
+3.82%+11.35%+25.84%+64.15%+60.71%+124.61%

What is the estimated revenue contribution Steel Exchange India anticipates from the ₹65,000 crore Amaravati infrastructure projects?

Will this APCRDA approval enable the company to secure similar vendor certifications from other state infrastructure authorities?

How will the increased production demand for the approved Fe550D CRS (Corrosion Resistant Steel) grades impact the company's operating margins?

More News on Steel Exchange India

1 Year Returns:+60.71%