Steel Exchange India Limited has made significant progress in its debt reduction efforts by repaying ₹15 crore towards its term loan facilities.
This repayment marks a 25% reduction in its long-term debt since October 2025, with total debt reduction now exceeding ₹86 crore.
On June 18, 2026, Steel Exchange India Limited announced the repayment of ₹15 crore towards its term loan facilities.
This repayment constitutes approximately 5.5% of its total outstanding debt. The company has previously redeemed ₹43.19 crore towards Non-Convertible Debentures (NCDs) and repaid ₹28 crore over preceding quarters.
With the latest repayment, Steel Exchange India Limited's total debt reduction now stands at approximately ₹86 crore.
This achievement highlights the company's strong operational cash flows and equity inflow, supporting its deleveraging efforts.
The company has discharged and repaid around 25% of its long-term debt since October 2025. This reflects its commitment to financial discipline and progress towards becoming debt-free.
The company's strong cash flow generation and disciplined approach towards debt reduction provide greater visibility on lower finance costs and improved earnings quality.
Steel Exchange India Limited, part of the Vizag Profiles Group, is a leading manufacturer of TMT rebars under the brand 'SIMHADRI TMT'. Founded in 1999, the company operates an integrated steel plant and power unit in Vizianagaram District, near Visakhapatnam.
SEIL is known for its quality and reliability, with a strong brand presence and supply track record to the Armed Forces and critical infrastructure projects.
For FY26, Steel Exchange India Limited reported a total income of ₹1,067 crore, EBITDA of ₹138.03 crore, and a net profit of ₹27 crore.
The company's financial performance underscores its strong operational capabilities and commitment to financial management.
As of June 18, 2026, at 10:13 AM, Steel Exchange India share price on NSE was trading at ₹12.76, up by 1.51% from the previous closing price.
Steel Exchange India Limited has achieved a 25% reduction in its long-term debt since October 2025, with total debt reduction crossing ₹86 crore. The company's financial discipline and strong cash flow generation have supported its deleveraging efforts.
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Published on: Jun 18, 2026, 12:09 PM IST
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