Steel Exchange India: Record Output, 2-Notch Rating Upgrade, Rs 102 Cr Debt Cut
STEELXIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and in line with its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Steel Exchange India reported record Re-Bar production in Q2 FY27 at 69,617 MT, with September hitting a monthly high of 25,095 MT. Consolidated revenue grew around 45% YoY and 25% QoQ. Infomerics upgraded its credit rating by two notches from IVR BBB-/Stable to IVR BBB+/Stable, with rated bank facilities enhanced from Rs 200 Cr to Rs 359.63 Cr. The company repaid Rs 102 Cr of debt, retiring about 30% of long-term debt since Dec 2025. Also signed an MoU with NMDC for iron ore supply and secured approvals for Amaravati projects and MES renewal.
Strong operational run, lower debt and a higher rating can lift stock sentiment, cut borrowing costs and support the path to becoming debt-free.