FilingReader Intelligence
Steel Exchange India Secures Major Conversion Contract
July 21, 2025 at 07:29 AM UTC•By FilingReader AI
Steel Exchange India Limited has been awarded a contract by Rashtriya Ispat Nigam Limited (RINL) to convert 1.20 lakh tons per annum of billets into VIZAG STEEL brand TMT rebars. This contract is for a period of two years, with an option to extend for one additional year. The conversion work will utilize the company's new rolling mill, contributing to improved capacity utilization and increased revenues, with a potential value of up to INR 210 Cr over three years.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
BSE:STEELXIND•Bombay Stock Exchange
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