Expansion14 Nov 2025, 09:21 pm
Steel Exchange India Ltd Signs MoU with APEDB for 1 MTPA Green Steel Plant Expansion
AI Summary
Steel Exchange India Ltd (SEIL) has entered into a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) for the proposed expansion of its integrated steel plant by 1 Million Tonnes Per Annum (MTPA) to manufacture green steel and alloy products. The company's Wholly-Owned Subsidiary (WOS), SEIL Infra Logistics Limited, has also entered into a separate MoU with APEDB for collaborative initiatives relating to the development of a Multi-Modal Logistics Park and General Cargo Terminal. These MoUs are non-binding in nature and serve as frameworks for mutual cooperation and evaluation of project implementation modalities.
Key Highlights
- SEIL to expand its integrated steel plant by 1 MTPA for green steel production
- SEIL Infra Logistics Limited to develop a Multi-Modal Logistics Park and General Cargo Terminal
- MoUs are non-binding and serve as frameworks for mutual cooperation
- Expansion aims to enhance capacity and promote environmentally sustainable industrial development
- Company to make further disclosures as and when any material developments take place