As filed · STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding 'Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Execution of Memorandum
Steel Exchange India entered into a non-exclusive, non-binding MoU with NMDC on September 08, 2026, covering potential supply and procurement of iron ore fines with Fe content of 61–63% and above. The MoU has a primary term of four years and is subject to definitive long-term agreements.
A joint venture commits capital and management time to an asset the company only part-owns.
Prior statements by this company that CapitSignal has recorded changing.
Once I complete my reheating furnace, then my rebar mill capacity utilization will go to 70% plus because that I can source my billets from outside also and then increase my capacity utilization.
These amounts will be utilized for the growth of the plant.
Once the plans are finalized and all that, it will be declared by way of we'll be first making a ground-breaking ceremony for that 1 million ton in the coming times and all that.
So we have made a plan of growth with the state governments as to get some incentives for the expansions.
INR7,000 margin.
But now we are refurbishing and once the reheating furnace starts from the next quarter, we'll be having a great impact of the in the productions and EBITDA margins going forward in second quarter onwards.
