Steel Exchange India Gets 5-Year MES Approval Renewal, Share Price up 2%

Written by: Kusum KumariUpdated on: 6 May 2026, 6:28 pm IST
Steel Exchange India received a 5-year MES approval renewal, strengthening its eligibility for defence and government infrastructure projects.
Steel Exchange India
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Steel Exchange India Limited has received a five-year renewal of approval from the Military Engineer Services (MES) under the Ministry of Defence. This approval allows the company to continue supplying its TMT steel bars for government and defence infrastructure projects.

The approval covers TMT bars of Fe 500D and Fe 500D HCRM grades in sizes ranging from 8 mm to 32 mm. These products are manufactured at the company’s integrated steel plant in Vizianagaram, Andhra Pradesh, using TEMPCORE technology.

Strong Quality Compliance

MES approvals are granted only to manufacturers that meet strict quality standards, technical checks, and inspection requirements.
The renewal shows the company’s continued focus on maintaining high product quality and following strict manufacturing processes.

The approval also requires ongoing compliance with IS 1786:2008 standards and regular inspections by MES authorities.

Boost To Government Project Participation

With this renewal, the company will remain eligible to participate in MES projects. This strengthens its presence in government and institutional infrastructure segments, which have high entry barriers and strict vendor requirements.

The management stated that the renewal reflects the company’s consistent quality and disciplined execution, which are essential for institutional supply.

About Steel Exchange India Limited

Steel Exchange India Limited (SEIL), part of the Vizag Profiles Group, was founded in 1999. The company manufactures TMT rebars under the brand SIMHADRI TMT.

It operates an integrated steel plant and power unit in Vizianagaram near Visakhapatnam. The facility includes sponge iron, billet production, rolling mills, and power generation, enabling full integration of long steel production.

The company supplies steel to the Armed Forces and major infrastructure projects and is known for its reliability and quality. It is also expanding into specialty steel production under the PLI scheme to support import substitution and align with the Atmanirbhar Bharat initiative.

Steel Exchange India Limited Share Price Movement

Steel Exchange India share price was trading at ₹10.26 on 6 May at 12:12 PM IST, up ₹0.24 or 2.40% for the day. The stock opened at ₹9.97, touched a high of ₹10.54 and a low of ₹9.97 during the session. The company has a market capitalisation of ₹1.31K crore and a price-to-earnings (P/E) ratio of 61.80. Its 52-week high stands at ₹11.55, while the 52-week low is ₹7.00, and the company currently does not pay dividends.

Read More: April 1 Tax Changes 2026: Will New Income Tax Rules Impact Your ITR This Year?

Conclusion

The five-year MES approval renewal strengthens Steel Exchange India’s credibility and long-term opportunities in defence and government infrastructure projects while supporting its growth in value-added steel products.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: May 6, 2026, 12:55 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers