Steel Exchange India Ltd (SEIL) to Raise INR 350 Cr via Preferential Issue; IMR Group to Invest 300 Cr in the Company

Mumbai (Maharashtra) [India], March 05: IMR Group (“IMR”), a leading international metals and mining conglomerate, today announced a strategic investment of INR 300 Crores in Steel Exchange India Limited (“SEIL”) through subscription to share warrants. The investment will be made through IMR’s Indian entities — India Coke and Power Private Limited (“ICPPL”) and IMR Steel Private Limited (“ISPL”). This capital infusion will strengthen SEIL’s operations, optimize its debt structure, and position the company for accelerated growth — marking a significant milestone in IMR’s forward integration strategy and its expansion across India’s high-growth steel sector.

Strategic Impact

IMR Group, headquartered in Switzerland with operations in over 17 countries, operates a fully integrated metals platform spanning global mineral trading, mining, and downstream steel production. Through this investment, IMR will leverage its global sourcing capabilities for critical raw materials — including metallurgical coke, coking coal, non-coking coal, and ferrous scrap — to enhance SEIL’s operational efficiency, supply chain security, and competitiveness. The partnership positions SEIL to capitalize on India’s rapidly expanding steel demand, while reinforcing IMR’s long-term commitment to the Indian steel ecosystem.