Steel Exchange India Ltd

Steel Exchange India Secures ₹75 Crore Investment 💰

• Received ₹75 crore from India Coke and Power Pvt Ltd and IMR Steel Pvt Ltd as part of a ₹350 crore preferential issue

• Funds will support operational efficiency, supply chain strengthening, and debt reduction

• Investment aims to improve competitiveness and enable global sourcing of raw materials like metallurgical coke and coal

• Aligns with focus on integrated steel manufacturing and capitalizing on India's growing steel demand

• Investor's parent, IMR Group, is a Switzerland-based metals and mining conglomerate with operations in over 17 countries

• Company is a leading manufacturer of TMT rebars under brand 'SIMHADRI TMT'

• Operates an integrated steel plant in Vizianagaram, Andhra Pradesh