Steel Exchange India Expands Production Capacity, Stock Gains 7.2%

 

Summary:

Steel Exchange India Ltd has successfully completed capital works at its integrated steel plant, leading to a significant increase in production capacities for its Billet Plant and Rolling Bar Mill.

Stock Performance:
  • The stock rose 7.2% intraday, reaching a high of Rs.8.19 following the announcement.
  • Market Cap: Rs. 944.93 Cr.

Key Data Points:
  • Company: Steel Exchange India Ltd
  • Billet Production Capacity: Increased from 2,50,000 TPA to 3,62,000 TPA (44.8% growth)
  • Rolling Bar Mill Capacity: Increased from 2,25,000 TPA to 3,57,000 TPA (58.67% growth)

About the Company:

Incorporated in 1999, Steel Exchange India Ltd manufactures and sells steel and related products and power generation.

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