Announced Mon, 15 Jun · 09:19 IST
SEIL gets APCRDA nod for SIMHADRI TMT in Amaravati projects
Compliance View source PDF
STEELXIND · price
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Price reaction · full curve 14 horizons · vs prior close
+7.8%1-day move
₹11.50
prior close
₹12.11
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.5+2.3+2.1+0.2+7.8+9.6+14.5+16.7+15.1+9.5+11.2+5.9——
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AI summary
Steel Exchange India received APCRDA approval to supply SIMHADRI TMT rebars (Fe550, Fe500D, Fe550D, Fe550D CRS grades) for the ₹65,000 crore Amaravati Capital City development. Approval circulated to EPC firms and construction partners, positioning SEIL as a key primary-source vendor. FY26 financials: Total Income ₹1,066.42 Cr, EBITDA ₹138.03 Cr, Net Profit ₹26.99 Cr.
Likely market impact
Positive: opens access to a mega infrastructure project, boosting revenue visibility and AP market presence.