Steel Exchange India Limited Repays Rs 43.19 Cr Debt; Total Reduction Nears Rs 71 Cr in Recent Period
Visakhapatnam (Andhra Pradesh) [India], April 23: Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748), one of the leading integrated ...
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.
