- Business
- Steel Exchange India Limited operates in the Indian market, focusing on the production and distribution of various steel items. The company’s operations span integrated steel manufacturing, processing ingots from sponge iron and scrap, and rolling out TMT bars, along with the creation of sponge iron and steel billets. It also actively engages in the trading of diverse steel-related goods, coal, and scrap. Its recognized TMT bars are marketed under the "Simhadri TMT" brand, supplied notably to major infrastructure projects and the Indian Armed Forces. Furthermore, Steel Exchange India generates power, utilizing waste heat recovery and gas-based systems. Established in 1999 and headquartered in Visakhapatnam, India, the firm has recently undertaken financial refinancing initiatives, significantly reducing interest costs and extending repayment tenures, while also planning diversification into specialty steels.