Steel Exchange India Limited has received approval from the Andhra Pradesh Capital Region Development Authority (APCRDA) for its SIMHADRI TMT products in the Amaravati Capital City development projects, as per the exchange filings.
This approval includes Fe550, Fe500D, Fe550D, and Fe550D CRS grades, allowing the company to supply its products for key infrastructure projects.
On June 15, 2026, Steel Exchange India Limited announced the APCRDA's formal approval for its SIMHADRI TMT products.
This approval allows the company to supply its products for ongoing and upcoming construction works under the Amaravati Capital City development program.
The approval has been shared with leading EPC and construction companies involved in Amaravati's development.
The ₹65,000 crore Amaravati Capital City project positions Steel Exchange India as a key vendor.
Commenting on the development, the management of Steel Exchange India Limited said: “Receiving 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's 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 longterm value creation."
Founded in 1999, Steel Exchange India Limited is a leading manufacturer of TMT rebars under the brand ‘SIMHADRI TMT’.
It operates an Integrated Steel Plant & Power Unit in Vizianagaram District, near Visakhapatnam.
For FY26, the company reported a total income of ₹1,066.42 crore, EBITDA of ₹138.03 crore, and a net profit of ₹26.99 crore.
As of June 15, 2026, at 9:31 AM, Steel Exchange India share price on NSE was trading at ₹12.43 up by 8.18% from the previous closing price.
Steel Exchange India Limited's APCRDA approval for SIMHADRI TMT products in Amaravati Capital City projects highlights its role as a primary-source vendor. The company's FY26 financials include a total income of ₹1,066.42 crore, EBITDA of ₹138.03 crore, and a net profit of ₹26.99 crore.
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Published on: Jun 15, 2026, 11:03 AM IST
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