HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
Steel Exchange India inks pact with Andhra Pradesh Economic Development Board
Nov-15-2025

Steel Exchange India has entered into a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board, Government of Andhra Pradesh (APEDB) for the proposed expansion of the company’s integrated steel plant by 10 lakh tonnes per annum (MTPA) to manufacture green steel and alloy products. The company will add the proposed capacity in 3 phases over a period of 5 years. The investment required for the expansion is Rs 3,450 crore.

Further, the company’s wholly-owned subsidiary -- SEIL Infra Logistics has entered into a separate MoU with APEDB for collaborative initiatives relating to the development and operation of a Multi-Modal Logistics Park and General Cargo Terminal in support of the proposed expansion. The first phase of the project is expected to be launched in FY 27.

Steel Exchange India is India’s first online steel e-commerce portal established in 1999 and is dedicated to the Indian steel industry specifically and to steel as a whole.

  RELATED NEWS >>