Vijay Singh
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 ‘SIMHADRI TMT’, has announced a key advancement in its ongoing deleveraging efforts.
The Company has redeemed ₹43.19 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.
This follows the Company’s repayment of ₹28 crore over the last two quarters. With this, total debt reduction stands at ~₹71.19 crore in the recent period, highlighting continued progress in deleveraging supported by strong operational cash flows.
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.
This development highlights the Company’s 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.
Commenting on the update, the management of Steel Exchange India Limited said:
“This 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.”
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