Intimation under Regulation 30 of SEBI (LODR)
STEELXIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Steel Exchange India Limited has received renewal of approval from the Military Engineer Services (MES) under the Ministry of Defence for manufacturing and supplying TMT bars. The renewal, received on May 5, 2026, is valid for 5 years and covers SIMHADRI TMT brand bars of grades Fe 500D and Fe 500D HCRM in sizes ranging from 8mm to 32mm. These bars are produced at the company's integrated steel plant in Vizianagaram, Andhra Pradesh, using TEMPCORE technology. The filing states this renewal reinforces the company's position in a segment with high entry barriers and enables continued participation in MES projects and government infrastructure segments.
This renewal ensures business continuity for TMT bar supply to defence/government projects, strengthening the company's revenue visibility in the institutional segment for the next 5 years.