SEIL signs 4-year MoU with NMDC for iron ore supply

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Price reactionminutes from the announcement price · days from the prior close

+5.3%Reaction day

₹11.48

prior close

₹12.02

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+5.5% vs market

Iron & Steel Products peers, median of 101sector-0.2%+5.5% vs sector

On the reaction day the stock moved 5.5 pts more than Nifty Microcap 250 and 5.5 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

-0.8

15m

-0.5

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.3-0.2+5.5-0.2+5.5

Next day

+6.5-0.3+6.9+0.1+6.5

+6.6-0.2+6.9-0.3+6.9

-0.3-3.5+3.2-2.8+2.5

-3.5-3.6+0.2-2.9-0.6

-2.2-2.8+0.6-2.5+0.3

-2.1-1.4-0.7-0.6-1.5

15d

-2.8-3.0+0.2-3.3+0.5

-9.4-4.4-5.0-5.5-3.9

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 101Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Steel Exchange India Ltd (SEIL) signed an MoU with NMDC Limited for long-term iron ore procurement. The 4-year MoU covers consistent grade iron ore fines (Fe 61 to 63 percent plus) from NMDC's upcoming Visakhapatnam Buffer Stockpile and Blending Yard. This secures raw material supply for SEIL's Vizianagaram plant, reducing freight costs and transit times. The deal follows SEIL's recent new Reheating Furnace startup and record monthly Re-Bar output of 24,823.509 MT, supporting capacity expansion.

Likely market impact

Positive - secures raw material pipeline, lowers logistics costs, supports capacity expansion. No immediate financials; MoU precedes binding LTAs.