09-Sept-2026 09:35:38
STEEL EXCHANGE INDIA LIMITED : EXECUTION OF MOU WITH NMDC
• Steel Exchange India Limited entered into a Memorandum of Understanding ("MoU") with NMDC Limited on September 08, 2026. • The MoU establishes a commercial and operational framework for the supply and procurement of consistent grade iron ore fines (Fe content 61-63% and above). • The iron ore fines will be sourced from NMDC's upcoming Buffer Stockpile & Blending Yard at Visakhapatnam, Andhra Pradesh. • The MoU is non-exclusive and non-binding in nature, with a primary term of four years. • It provides a framework for potential long-term supply of iron ore to support the Company's integrated steel manufacturing operations. • This MoU is expected to support the Company's expansion plans in the near future.
STEEL EXCHANGE INDIA LIMITED
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