Steel Exchange India Limited (SEIL) has received formal approval from the Andhra Pradesh Capital Region Development Authority (APCRDA) for the use of its flagship SIMHADRI TMT reinforcement bars in the construction of Amaravati Capital City projects, marking an important milestone for the integrated steel manufacturer. The approval covers multiple grades of SIMHADRI TMT rebars, including Fe550, Fe500D, Fe550D and Fe550D CRS, enabling the company’s products to be supplied for various infrastructure developments planned under the Amaravati Capital City programme.
The approval has also been circulated among major engineering, procurement and construction (EPC) contractors engaged in executing the large-scale development works, enhancing the company’s visibility across one of India’s biggest urban infrastructure initiatives. With the Andhra Pradesh Government moving ahead with the estimated ₹65,000 crore Amaravati Capital City development programme, the approval positions Steel Exchange India as an eligible supplier for several upcoming public infrastructure and construction projects.
Commenting on the achievement, the company’s management said the approval validates the quality, consistency and manufacturing standards maintained by SIMHADRI TMT products. The company noted that participation in the Amaravati project aligns with its strategy of expanding its footprint across major infrastructure developments while strengthening its market position in Andhra Pradesh.
Steel Exchange India has steadily evolved into one of South India’s leading integrated steel producers. Established in 1999 as part of the Vizag Profiles Group, the company has transformed from a steel trading enterprise into a fully integrated manufacturer with operations spanning sponge iron production, billet manufacturing, rolling mills and captive power generation.
Its integrated manufacturing complex at Vizianagaram district near Visakhapatnam provides complete backward and forward integration for long steel products, enabling consistent quality and efficient production. The company has established a strong presence across Andhra Pradesh and Telangana under the SIMHADRI TMT brand and has supplied steel products for defence establishments as well as several critical infrastructure projects.
Looking ahead, Steel Exchange India is also expanding into specialty steel manufacturing under the Government of India’s Production Linked Incentive (PLI) scheme. The initiative is expected to support import substitution while broadening the company’s portfolio of value-added steel products for domestic markets.
For FY2025-26, the company reported total income of ₹1,066.42 crore, EBITDA of ₹138.03 crore and net profit of ₹26.99 crore. The latest APCRDA approval is expected to strengthen its participation in large infrastructure projects while supporting future business growth as India’s investment in urban development and public infrastructure continues to accelerate.
Established in 1999, Steel Exchange India has evolved from a steel trading platform into a fully integrated steel manufacturer with a strong presence in Andhra Pradesh and Telangana. The company operates an integrated steel plant and power unit in Vizianagaram district, near Visakhapatnam. Its facilities include sponge iron production, billet manufacturing, rolling mills, and captive power generation, enabling end-to-end production of long steel products.
The company markets its products under the ‘SIMHADRI TMT’ brand, which has gained recognition for quality and reliability. It has a strong track record of supplying to infrastructure projects and the defence sector, reinforcing its position as a trusted supplier in critical applications.
Aligned with the Government of India’s ‘Atmanirbhar Bharat’ initiative, Steel Exchange India is expanding into specialty steel production under the Production Linked Incentive (PLI) scheme. This move is aimed at reducing dependence on imports and strengthening domestic manufacturing capabilities.
