IMR Group to Invest ₹300 Crore in Steel Exchange India to Strengthen Supply Chain and Growth

Steel Exchange India Ltd (SEIL) has announced plans to raise ₹350 crore through a preferential issue of shares, with Switzerland-based IMR Group committing a major portion of the investment. According to the company, IMR Group will invest ₹300 crore through share warrants as part of the fundraising initiative.

The investment will be made through IMR Group’s Indian entities, India Coke and Power and IMR Steel. The proposed capital infusion is expected to support SEIL’s ongoing operations while helping the company optimise its debt structure and improve financial stability.

Industry observers note that such strategic investments are becoming increasingly important as India’s steel sector expands to meet rising infrastructure and construction demand. With large-scale government spending on highways, railways, housing and urban infrastructure, steel consumption across the country is expected to continue growing steadily in the coming years.

IMR Group operates across mineral trading, mining and downstream steel production and currently has a presence in more than 17 countries. Through this investment, the group also plans to strengthen SEIL’s raw material sourcing capabilities. The partnership is expected to facilitate the supply of key inputs such as metallurgical coke, coking coal, non-coking coal and ferrous scrap, which are essential for steel production.

Commenting on the development, Anirudh Misra, Group Chief Executive Officer and Chairman of IMR Group, said the investment aligns with the group’s forward integration strategy. By combining IMR’s global sourcing capabilities with SEIL’s manufacturing platform, the companies aim to accelerate growth and improve operational efficiency.

Steel Exchange India, which is part of the Vizag Profiles Group, operates an integrated steel manufacturing facility near Visakhapatnam in Andhra Pradesh. The plant has the capacity to produce 220,000 tonnes per annum of sponge iron, 362,000 tonnes of billets and 357,000 tonnes of TMT rebars, along with 60 MW of power generation capacity.

Bandi Suresh Kumar, Joint Managing Director of SEIL, said the investment builds on the long-standing relationship between the two companies and will support SEIL’s future growth plans as steel demand continues to rise across India.