Steel Stock Hits Record 24,823 MT Re-Bar Production, New Furnace Boosts Capacity by 27%

On Friday, Indian equity benchmark indices traded higher, with the benchmark Nifty 50 index rose 76 points (0.32 per cent) to 23,950. Amid the market movement, Steel Exchange India share price rose 0.27 per cent to Rs 11.34 after the company announced achieving its highest-ever monthly re-bar production following the operationalisation of its new Reheating Furnace.

Steel Exchange India Limited achieved a new production milestone by recording its highest-ever monthly output of re-bars since inception. The company produced 24,823.509 metric tonnes (MT) of re-bars during August 2026 at its Rolling Mill, supported by the successful commissioning and operationalisation of the Reheating Furnace (RHF).

New Furnace Enhances Production Capacity

The August 2026 production included 17,358.221 MT from the Continuous Casting Machine (CCM) and 7,465.288 MT from the newly operationalised Reheating Furnace. The addition of the RHF has increased the company’s monthly re-bar production capability by approximately 27 per cent, marking a significant improvement in manufacturing capacity.

The company stated that the increased production capability is expected to continue, with the Reheating Furnace providing sustained enhancement to its re-bar manufacturing capacity.

Focus on Higher Capacity Utilisation

The commissioning of the Reheating Furnace marks an important development for Steel Exchange India’s Rolling Mill operations. The RHF contributed 7,465.288 MT to August’s re-bar production, adding significantly to the company’s overall output.

With the new facility operational, the company expects benefits from higher production capacity, improved capacity utilisation and enhanced operational efficiency. The expansion is aimed at enabling the company to cater to the increasing demand for its re-bar products.

Steel Exchange India is focused on improving capacity utilisation and achieving the full potential of its expanded manufacturing capabilities, which could support further growth in production volumes.

Strengthening Position in Steel Manufacturing

The record monthly production highlights the company’s efforts towards capacity expansion, operational efficiency and strengthening its manufacturing platform. The increased production capability further supports its strategy to scale operations and strengthen its presence in the steel manufacturing segment, including through its SIMHADRI TMT brand.

Steel Exchange India Limited, part of the Vizag Profiles Group, manufactures TMT rebars under the SIMHADRI TMT brand. Established in 1999, the company has developed an integrated steel manufacturing presence in Andhra Pradesh and Telangana.

The company operates an Integrated Steel Plant and Power Unit in Vizianagaram district near Visakhapatnam, with facilities including sponge iron, billet, rolling mill and power generation capacities, enabling backward and forward integration for long steel production.

About the Company:

Steel Exchange India Limited is an integrated steel manufacturer engaged in producing TMT rebars under the SIMHADRI TMT brand. The company operates across steel production activities including sponge iron, billet manufacturing, rolling mill operations and power generation. It serves infrastructure and industrial sectors with its long steel products.
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Disclaimer: The article is for informational purposes only and not investment advice.