Steel Exchange India: Record Production, Credit Upgrade, Debt Repaid

Steel Exchange India Limited (SEIL) reported significant achievements in H1 FY27, including its highest-ever monthly and quarterly Re-Bar production. The company's consolidated revenue grew approximately 45% YoY and 25% QoQ in Q2 FY27. Infomerics upgraded SEIL's long-term rating by two notches to IVR BBB+/Stable and short-term rating to IVR A2. SEIL reduced its total debt by ₹102 Crore, repaying about 30% of its long-term debt since December 2025. A strategic MoU was signed with NMDC for long-term iron ore supply. Additionally, SEIL received approvals for SIMHADRI TMT for Amaravati Capital City projects and a five-year renewal from Military Engineer Services.