Steel Exchange India Receives APCRDA Approval for Amaravati Project
Steel Exchange India Limited received approval from APCRDA on June 12, 2026, for its "SIMHADRI TMT" bars for Amaravati Capital City construction. The approval covers Fe550, Fe500D, Fe550D, and Fe550D CRS grades. This is expected to boost the company's visibility in regional infrastructure projects.
While a significant approval, its direct financial impact is not quantified. It is expected to enhance visibility and participation, suggesting a medium-term positive impact on operations and potential future orders.
The approval from a government authority for usage in a major capital city project is a positive development for the company, potentially leading to increased business and visibility.
Steel Exchange India Limited has announced that it received approval from the Andhra Pradesh Capital Region Development Authority (APCRDA) on June 12, 2026. This approval allows for the usage of the company's primary source TMT bars, manufactured under the brand name "SIMHADRI TMT", for ongoing and upcoming construction projects in Amaravati Capital City.
The approval covers various grades including Fe550, Fe500D, Fe550D, and Fe550D CRS (Corrosion Resistant Steel). The company believes this development is expected to enhance its visibility and participation in infrastructure projects within the Amaravati Capital Region.
This intimation is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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