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Credit ratingNotableFiled on BSE ·

Steel Exchange India Ltd records highest Re-Bar production and credit upgrade in H1 FY27

Steel Exchange India Ltd · Industrial Products

What the filing says

  • Highest-ever quarterly Re-Bar output of 69,617.424 MT in Q2 FY27; September 2026 monthly record 25,095.035 MT; new Reheating Furnace lifted monthly production capability by approximately 27%
  • Infomerics upgraded long-term rating two notches to IVR BBB+/Stable and short-term to IVR A2; rated bank facilities enhanced from ₹200 Crore to ₹359.63 Crore, total rated quantum ₹558.19 Crore
  • Total debt reduced by ₹102 Crore incl. ₹43.19 Crore NCD redemption; strategic MoU signed with NMDC for iron ore fines; APCRDA approval and five-year MES renewal

Why it's rated notable: the amount is 35% of annual revenue (20% to 50%)

Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.

Original filing

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.