Steel Exchange India Expands Production Capacity, Shares Surge

Steel Exchange India jumped 3.27% to ₹7.90 after the firm announced the completion of its expansion at the Visakhapatnam facility in the state of Andhra Pradesh. Increased output will significantly improve the efficiency and cost savings of both billets and rolling bars.

The capacity of the billet mill has been enhanced by 44.8 percent to 362,000 tons per annum (TPA) from 250,000 TPA earlier. On the other hand, there was a more than 58.67% jump in Rolling Bar mill capacity which has increased from 2,25,000 tonnes per annum (TPA) to 3,57,000 TPA now. This expansion is likely to result in cost savings of ₹3,000 per ton for 8mm and 10mm steel sizes, which were earlier outsourced.

TMT bars, billets and ingots, its major focus are steel works and power generation. The company also runs a trading division and is among the largest dealers of Rashtriya Ispat Nigam.

The company achieved an outstanding financial performance in the third quarter of FY25, with a consolidated net profit of ₹15.86 crore compared to ₹0.21 crore in Q3 FY24. Q3 FY25 reported its net sales at ₹327.51 crore, a remarkable 27.8% year-on-year growth.

The expansion reinforces Steel Exchange India in the steel sector, optimising production efficiency for profitability.