13-Oct-2026 10:51:41
STEELXINDGeneral news
STEELXIND : REPAYS RS 102 CR DEBT, GETS TWO-NOTCH RATING UPGRADE
• Consolidated revenue up ~45% YoY and 25% QoQ in Q2 FY27 • Highest-ever quarterly Re-Bar production of 69,617.424 MT; September 2026 monthly record 25,095.035 MT • Infomerics upgraded long-term rating two notches to IVR BBB+/Stable from IVR BBB-/Stable; short-term to IVR A2 from IVR A3 • Total debt reduced by ₹102 Cr including ₹43.19 Cr NCD redemption; ~30% of long-term debt discharged since December 2025 • Signed NMDC MoU for long-term iron ore fines (Fe 61-63%) supply from Visakhapatnam; APCRDA approval for SIMHADRI TMT in ₹65,000 Cr Amaravati projects
Steel Exchange India Ltd
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