{"id":53981,"date":"2026-06-15T16:30:35","date_gmt":"2026-06-15T11:00:35","guid":{"rendered":"https:\/\/latestgoldnews.com\/index.php\/2026\/06\/15\/steel-exchange-india-secures-apcrda-approval-for-simhadri-tmt-in-amaravati-capital-city-projects\/"},"modified":"2026-06-15T16:30:35","modified_gmt":"2026-06-15T11:00:35","slug":"steel-exchange-india-secures-apcrda-approval-for-simhadri-tmt-in-amaravati-capital-city-projects","status":"publish","type":"post","link":"https:\/\/latestgoldnews.com\/index.php\/2026\/06\/15\/steel-exchange-india-secures-apcrda-approval-for-simhadri-tmt-in-amaravati-capital-city-projects\/","title":{"rendered":"Steel Exchange India Secures APCRDA Approval for SIMHADRI TMT in Amaravati Capital City Projects"},"content":{"rendered":"
\n

Visakhapatnam (Andhra Pradesh) [India], June 15: Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748),\u00a0<\/strong>one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand\u00a0\u2018SIMHADRI TM<\/strong>T\u2019, has received formal approval from the\u00a0Andhra Pradesh Capital Region Development Authority (APCRDA)<\/strong>\u00a0for the use of its flagship\u00a0SIMHADRI TMT<\/strong>\u00a0products in ongoing and upcoming construction works under the Amaravati Capital City development program.<\/p>\n

The approval covers\u00a0Fe550, Fe500D, Fe550D and Fe550D CRS<\/strong>\u00a0grades, enabling the Company\u2019s 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\u2019s development, strengthening SEIL\u2019s visibility across the project\u2019s execution ecosystem.<\/p>\n

This milestone reinforces the growing acceptance of SIMHADRI TMT in quality-conscious infrastructure applications. With the government launching the massive\u00a0\u20b9<\/strong>65,000<\/strong>\u00a0crore<\/strong>\u00a0Amaravati Capital City project, this approval positions Steel Exchange India Limited as a key primary-source vendor.\u00a0<\/p>\n

Commenting on the development, the management of Steel Exchange India Limited said:<\/strong>
\u00a0\u201cReceiving APCRDA approval for SIMHADRI TMT is a significant recognition of our product quality, manufacturing capabilities and commitment to serving critical infrastructure projects. Amaravati is one of India\u2019s most ambitious urban development initiatives, and we are pleased to be associated with its growth journey. This approval further strengthens our market presence in Andhra Pradesh and supports our strategy of expanding participation in large-scale infrastructure and construction projects. We remain focused on leveraging such opportunities to drive sustainable growth and long-term value creation.\u201d<\/em><\/p>\n

About Steel Exchange India Limited<\/strong><\/h3>\n

Steel Exchange India Limited (SEIL), part of the Vizag Profiles Group, is a leading manufacturer of TMT rebars under the brand \u2018SIMHADRI TMT\u2019. Founded in 1999, the Company has grown from a steel trading and online platform into one of the most trusted integrated steel manufacturers in Andhra Pradesh and Telangana.<\/p>\n

SEIL operates an Integrated Steel Plant & Power Unit in Vizianagaram Dist, Near Visakhapatnam. \u00a0These facilities house sponge iron, billet, rolling mill, and power generation capacities, enabling complete backward and forward integration for long steel production.<\/p>\n

With a strong brand presence and supply track record to the Armed Forces and critical infrastructure projects, SEIL is known for quality and reliability. In line with the \u2018Atmanirbhar Bharat\u2019 vision, the Company is diversifying into specialty steels under the PLI scheme to support import substitution and expand its value-added offerings.<\/p>\n

For FY26, the company has reported Total Income of\u00a0\u20b91,066.42 Cr, EBITDA of\u00a0\u20b9138.03 Cr, and Net Profit of\u00a0\u20b926.99Cr.<\/p>\n

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Visakhapatnam (Andhra Pradesh) [India], June 15: Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748),\u00a0one of the leading integrated<\/p>\n","protected":false},"author":1,"featured_media":53982,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[54],"class_list":["post-53981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/latestgoldnews.com\/index.php\/wp-json\/wp\/v2\/posts\/53981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/latestgoldnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/latestgoldnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/latestgoldnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/latestgoldnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=53981"}],"version-history":[{"count":0,"href":"https:\/\/latestgoldnews.com\/index.php\/wp-json\/wp\/v2\/posts\/53981\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/latestgoldnews.com\/index.php\/wp-json\/wp\/v2\/media\/53982"}],"wp:attachment":[{"href":"https:\/\/latestgoldnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=53981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/latestgoldnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=53981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/latestgoldnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=53981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}