STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 Renewal of Approval from Military Engineer Services (MES), Ministry of Defence, for TMT Bar Manufacturing and Supply'.
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Steel Exchange India Limited has received a 5-year renewal of approval from Military Engineer Services (MES) under the Ministry of Defence for manufacturing and supplying SIMHADRI TMT bars. The approval covers grades Fe 500D and Fe 500D HCRM in sizes ranging from 8mm to 32mm, produced at the company's integrated steel plant in Vizianagaram, Andhra Pradesh. The company states this renewal reflects its focus on quality and disciplined execution for institutional supply. The approval ensures continuity of business operations in government and infrastructure-linked segments.
The renewal provides revenue visibility for the next 5 years through government defence/infrastructure projects. While no financial value is disclosed, the approval reinforces Steel Exchange India's position in a high-barrier segment and sustains participation in MES contracts.