Steel Exchange India Limited, a prominent player in the steel industry, has announced a significant expansion of its business portfolio. The company's board of directors has approved amendments to its Memorandum of Association (MOA), broadening its operational scope to include real estate, infrastructure, and logistics sectors.

Expansion into New Sectors

The board's decision, made during a meeting on September 3, 2025, involves the addition of two new sub-clauses to the Main Object Clause (Clause III(A)) of the company's MOA. These additions will allow Steel Exchange India to diversify its business activities beyond its current focus on steel production.

Real Estate and Infrastructure

The first new sub-clause (Sub-clause 11) enables the company to engage in real estate development and infrastructure construction. This expansion includes:

• Contracting, building, and engineering services
• Town planning and land development
• Property dealing in India and abroad
• Construction and management of residential, commercial, and industrial properties
• Development of public infrastructure such as roads, highways, railways, and utility works

Logistics and Transportation

The second addition (Sub-clause 12) focuses on integrated logistics and multimodal transportation operations. Key aspects of this expansion include:

• Material management and warehousing
• Storage and protection of goods
• Distribution services
• Establishment and operation of railway terminals and cargo facilities
• Provision of transportation solutions across various modes (land, air, water, space)
• Participation in the Gati Shakti Multimodal Cargo Terminal framework

Shareholder Approval and Next Steps

While the board has approved these changes, they are subject to shareholder approval at the upcoming Annual General Meeting. The company has also authorized key managerial personnel to determine the materiality of events or information for disclosure purposes, in line with SEBI regulations.

Implications for Steel Exchange India

This strategic move positions Steel Exchange India to diversify its revenue streams and potentially capitalize on growth opportunities in the real estate, infrastructure, and logistics sectors. By leveraging its existing strengths in the steel industry, the company aims to create synergies across these new business verticals.

The expansion into these sectors could provide Steel Exchange India with a more robust business model, potentially reducing its dependence on the cyclical steel industry. However, the success of this diversification will depend on the company's ability to effectively manage and grow these new business lines alongside its core steel operations.

As Steel Exchange India embarks on this new chapter, stakeholders will be watching closely to see how the company navigates the challenges and opportunities presented by these diverse sectors.

Steel Exchange India Limited (SEIL), a leading integrated steel manufacturer in South India, has announced strategic collaborations aimed at enhancing multimodal logistics operations in Visakhapatnam. The company, known for its 'SIMHADRI TMT' brand of rebars, is set to explore new avenues in logistics infrastructure development.

Key Partnerships and Objectives

SEIL has entered into a non-binding collaboration with Vizag Profiles Logistics Pvt. Ltd. (VPL) and Hind Terminals Pvt. Ltd. (HTPL). The partnership aims to evaluate and pursue opportunities related to:

• Operation of container trains from a proposed General Cargo Terminal (GCT)
• Coastal shipping of cargo using domestic barges and containers
• Rail-based inland transport for steel and general cargo
• Development of end-to-end multimodal logistics services

Leveraging Combined Strengths

The initiative brings together the unique strengths of each partner:

• SEIL's developing GCT rail siding
• VPL's established regional logistics infrastructure
• HTPL's expertise in port-linked cargo operations

This collaboration is expected to improve logistics efficiency, reduce transit times, and enable scalable cargo handling solutions in and around Visakhapatnam.

Strategic Implications

For Steel Exchange India, this move is anticipated to:

• Significantly enhance supply chain efficiency
• Unlock value from its logistics assets
• Support the long-term competitiveness of its core steel business

Management's Perspective

Mr. Suresh Kumar Bandi, Joint Managing Director of Steel Exchange India Limited, commented on the development: "This collaboration is a strategic step forward in our efforts to expand beyond steel manufacturing and strengthen our presence in infrastructure and logistics. With Vizag's growing role as a logistics hub, aligning our GCT project with the capabilities of VPL and HTPL presents a strong opportunity to enable efficient, multimodal cargo movement. We are confident this initiative will significantly enhance operational efficiency and contribute meaningfully to our long-term growth plans."

About Steel Exchange India Limited

Steel Exchange India Limited, part of the Vizag Profiles Group, has grown from a steel trading platform into one of the most trusted integrated steel manufacturers in Andhra Pradesh and Telangana since its founding in 1999. The company operates an Integrated Steel Plant & Power Unit in Vizianagaram District, near Visakhapatnam, enabling complete backward and forward integration for long steel production.

SEIL has a strong brand presence and a track record of supplying to the Armed Forces and critical infrastructure projects. In line with the 'Atmanirbhar Bharat' vision, the company is diversifying into specialty steels under the PLI scheme to support import substitution and expand its value-added offerings.

For the fiscal year 2025, Steel Exchange India reported:

As Steel Exchange India Limited takes this significant step towards enhancing its logistics capabilities, the move is expected to not only benefit the company but also contribute to the overall development of multimodal logistics infrastructure in the Visakhapatnam region.