Announced Mon, 15 Jun · 09:16 IST
SEIL secures APCRDA approval for SIMHADRI TMT in Amaravati Capital City project
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
₹12.34
base price
In-mkt
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AI summary
Steel Exchange India received APCRDA approval for its SIMHADRI TMT rebars (grades Fe550, Fe500D, Fe550D, Fe550D CRS) for use in the Amaravati Capital City development. The ₹65,000 crore Amaravati project positions SEIL as a key primary-source vendor, with approval also shared with leading EPC and construction firms. FY26 financials: Total Income ₹1,066.42 Cr, EBITDA ₹138.03 Cr, Net Profit ₹26.99 Cr.
Likely market impact
Positive — positions SEIL as approved vendor for the ₹65,000 Cr Amaravati project, potentially boosting order book and AP market presence.