Steel Exchange India Ltd Share Price – NSE  / BSE

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Steel Exchange India has received formal approval from the Andhra Pradesh Capital Region Development Authority (APCRDA) for the use of its flagship SIMHADRI TMT products in ongoing and upcoming construction works under the Amaravati Capital City development program. The approval covers Fe550, Fe500D, Fe550D and Fe550D CRS grades, enabling the Company's products to be supplied for key infrastructure projects being undertaken by APCRDA.

The approval has also been circulated to leading EPC and construction companies associated with Amaravati's development, strengthening SEIL's visibility across the project's execution ecosystem. This milestone reinforces the growing acceptance of SIMHADRI TMT in quality-conscious infrastructure applications. With the government launching the massive Rs 65,000 crore Amaravati Capital City project, this approval positions Steel Exchange India as a key primary-source vendor.

Net profit of Steel Exchange India rose 159.87% to Rs 12.37 crore in the quarter ended March 2026 as against Rs 4.76 crore during the previous quarter ended March 2025. Sales declined 1.40% to Rs 287.33 crore in the quarter ended March 2026 as against Rs 291.42 crore during the previous quarter ended March 2025.

For the full year,net profit rose 4.09% to Rs 26.99 crore in the year ended March 2026 as against Rs 25.93 crore during the previous year ended March 2025. Sales declined 7.39% to Rs 1059.44 crore in the year ended March 2026 as against Rs 1144.02 crore during the previous year ended March 2025.

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Steel Exchange India will hold a meeting of the Board of Directors of the Company on 25 May 2026.

Steel Exchange India has received, on 05 May 2026, renewal of approval from the Military Engineer Services (MES), under the Ministry of Defence, for the supply of its TMT bars.

This approval pertains to the manufacturing of TMT bars under the brand SIMHADRI TMT, of grades Fe 500D and Fe 500D HCRM, in the size range of 8 mm to 32 mm, produced at the Company's integrated steel plant located at Sriram Puram, Vizianagaram, Andhra Pradesh, using TEMPCORE technology.