Visakhapatnam (Andhra Pradesh) [India], April 23: <\/strong>Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand \u2018SIMHADRI TMT\u2019, has announced a key advancement in its ongoing deleveraging efforts.<\/p>\n The Company has redeemed \u20b943.19 crore towards Non-Convertible Debentures (NCDs) in a single tranche, representing approximately 13% of its total outstanding debt, reflecting a focused approach towards balance sheet strengthening.<\/p>\n This follows the Company\u2019s repayment of \u20b928 crore over the last two quarters. With this, total debt reduction stands at ~\u20b971.19 crore in the recent period, highlighting continued progress in deleveraging supported by strong operational cash flows.<\/p>\n Further, the Company is pleased to inform that, consequent to this reduction, it has discharged and repaid over 20% of its long-term debt since October 2025, reaffirming its commitment to financial discipline and marking significant progress towards becoming debt-free in the near future.<\/p>\n This development highlights the Company\u2019s strong cash flow generation and improving financial position, supported by a disciplined approach towards debt reduction. It also provides greater visibility on lower finance costs and improved earnings quality going forward.<\/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","protected":false},"excerpt":{"rendered":" Visakhapatnam (Andhra Pradesh) [India], April 23: Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand \u2018SIMHADRI TMT\u2019, has announced a key advancement in its ongoing deleveraging efforts. The Company has redeemed \u20b943.19 crore towards Non-Convertible Debentures (NCDs) in a single tranche, […]<\/p>\n","protected":false},"author":1,"featured_media":54700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-54701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"wpmagazine_modules_lite_featured_media_urls":{"thumbnail":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2026\/04\/PNN-2026-04-23T151042.119-1-150x150.jpg",150,150,true],"cvmm-medium":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2026\/04\/PNN-2026-04-23T151042.119-1-300x300.jpg",300,300,true],"cvmm-medium-plus":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2026\/04\/PNN-2026-04-23T151042.119-1-305x207.jpg",305,207,true],"cvmm-portrait":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2026\/04\/PNN-2026-04-23T151042.119-1-400x600.jpg",400,600,true],"cvmm-medium-square":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2026\/04\/PNN-2026-04-23T151042.119-1-600x600.jpg",600,600,true],"cvmm-large":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2026\/04\/PNN-2026-04-23T151042.119-1-1024x675.jpg",1024,675,true],"cvmm-small":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2026\/04\/PNN-2026-04-23T151042.119-1-130x95.jpg",130,95,true],"full":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2026\/04\/PNN-2026-04-23T151042.119-1.jpg",1200,675,false]},"categories_names":null,"tags_names":[],"comments_number":"0","_links":{"self":[{"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/posts\/54701","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=54701"}],"version-history":[{"count":0,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/posts\/54701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/media\/54700"}],"wp:attachment":[{"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/media?parent=54701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/categories?post=54701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/tags?post=54701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u201cThis step reflects our continued focus on disciplined financial management and strengthening our capital structure. Our approach remains centered on improving efficiency, optimizing capital allocation, and creating a more resilient and scalable platform to support long-term growth.\u201d<\/em><\/p>\n