Steel Exchange India Ltd

Steel Exchange India Plans ₹700 Cr Fundraise & Expansion into Specialty Steel 🏗️📈

- Board approved fund raise of up to ₹700 crore to strengthen balance sheet and support growth initiatives.

- Fund raise may include equity shares, debt instruments, NCDs, or a combination.

- Achieved investment-grade credit rating (BBB-/Stable) from Infomerics Valuation for ₹398.56 crore loan facilities.

- Rating upgrade driven by improved operational performance, financial discipline, and better debt-servicing capability.

- Funds to support expansion, including entry into specialty steel products under PLI Scheme.

- Investment-grade status expected to lower borrowing costs and enhance financial flexibility.

- Company plans to refinance high-cost debt to reduce interest burden and improve cash flows.