Steel Exchange shines after getting APCRDA nod for use of SIMHADRI TMT products in Amaravati Capital City Projects
Steel Exchange India is currently trading at Rs. 12.12, up by 0.60 points or 5.21% from its previous closing of Rs. 11.52 on the BSE.
The scrip opened at Rs. 12.31 and has touched a high and low of Rs. 12.53 and Rs. 12.00 respectively. So far 492099 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 13.29 on 01-Jun-2026 and a 52 week low of Rs. 6.97 on 23-Mar-2026.
Last one week high and low of the scrip stood at Rs. 12.60 and Rs. 10.50 respectively. The current market cap of the company is Rs. 1566.34 crore.
The promoters holding in the company stood at 50.80%, while Institutions and Non-Institutions held 3.13% and 46.07% respectively.
Steel Exchange India has received formal approval from the Andhra Pradesh Capital Region Development Authority (APCRDA) for the use of its flagship SIMHADRI TMT products in ongoing and upcoming construction works under the Amaravati Capital City development program.
The approval covers Fe550, Fe500D, Fe550D and Fe550D CRS grades, enabling the company's products to be supplied for key infrastructure projects being undertaken by APCRDA. The approval has also been circulated to leading EPC and construction companies associated with Amaravati's development, strengthening SEIL's visibility across the project's execution ecosystem.
This approval reinforces the growing acceptance of SIMHADRI TMT in quality-conscious infrastructure applications. With the government launching the massive Rs 65,000 crore Amaravati Capital City project, this approval positions Steel Exchange India as a key primary-source vendor.
