Vishakhapatnam (Andhra Pradesh) [India], April 21:<\/strong> Steel Exchange India Limited (NSE: STEELXIND, BSE:\u00a0\u00a0534748)<\/strong>,\u00a0one of the leading integrated steel manufacturers in South India and a\u00a0trusted name in TMT rebars under the brand \u2018SIMHADRI TMT\u2019,\u00a0<\/strong>has received an aggregate amount of\u00a0\u20b975 Crore from M\/s India Coke and Power Private Limited and M\/s IMR Steel Private Limited (IMR Group-a leading international metals and mining conglomerate)<\/strong>\u00a0towards subscription of convertible warrants under its preferential issue.<\/p>\n This receipt forms part of the Company\u2019s proposed fund raise of up to\u00a0\u20b9350 Crore through issuance of convertible warrants on a preferential basis, as approved by the Board of Directors on March 04, 2026.<\/p>\n Key Details of the Preferential Issue\u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong><\/p>\n The investment is part of a broader strategic capital infusion and is expected to support\u00a0operational efficiency, supply chain strengthening, debt reduction and overall competitiveness<\/strong>\u00a0including access to global sourcing of key raw materials such as metallurgical coke, coking coal, non-coking coal and ferrous scrap.<\/p>\n This also aligns with the Company\u2019s positioning as an integrated steel manufacturer and supports its ability to cater to\u00a0growing steel demand in India<\/strong>, while strengthening long-term linkages within the steel value chain.<\/p>\n Commenting on the update, the management of Steel Exchange India Limited said:<\/strong> If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Vishakhapatnam (Andhra Pradesh) [India], April 21: Steel Exchange India Limited (NSE: STEELXIND, BSE:\u00a0\u00a0534748),\u00a0one of the leading integrated steel manufacturers in South India and a\u00a0trusted name in TMT rebars under the brand \u2018SIMHADRI TMT\u2019,\u00a0has received an aggregate amount of\u00a0\u20b975 Crore from M\/s India Coke and Power Private Limited and M\/s IMR Steel Private Limited (IMR Group-a […]<\/p>\n","protected":false},"author":1,"featured_media":54571,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[627],"class_list":["post-54570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"wpmagazine_modules_lite_featured_media_urls":{"thumbnail":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2026\/04\/PNN-2026-04-21T173122299-150x150.jpg",150,150,true],"cvmm-medium":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2026\/04\/PNN-2026-04-21T173122299-300x300.jpg",300,300,true],"cvmm-medium-plus":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2026\/04\/PNN-2026-04-21T173122299-305x207.jpg",305,207,true],"cvmm-portrait":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2026\/04\/PNN-2026-04-21T173122299-400x600.jpg",400,600,true],"cvmm-medium-square":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2026\/04\/PNN-2026-04-21T173122299-600x600.jpg",600,600,true],"cvmm-large":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2026\/04\/PNN-2026-04-21T173122299-1024x675.jpg",1024,675,true],"cvmm-small":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2026\/04\/PNN-2026-04-21T173122299-130x95.jpg",130,95,true],"full":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2026\/04\/PNN-2026-04-21T173122299.jpg",1200,675,false]},"categories_names":{"2":{"name":"Business","link":"https:\/\/newstrackbhopal.com\/index.php\/category\/business\/"}},"tags_names":{"627":{"name":"business","link":"https:\/\/newstrackbhopal.com\/index.php\/tag\/business\/"}},"comments_number":"0","_links":{"self":[{"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/posts\/54570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/comments?post=54570"}],"version-history":[{"count":0,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/posts\/54570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/media\/54571"}],"wp:attachment":[{"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/media?parent=54570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/categories?post=54570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/tags?post=54570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
\u00a0\u201cWe remain focused on strengthening our operational capabilities and building a more integrated and resilient business. With improving demand dynamics in the steel sector, we see strong opportunities to scale efficiently and enhance long-term value creation.\u201d<\/em><\/p>\n