Nature of the Event
Steel Exchange India Limited has received formal approval from the Andhra Pradesh Capital Region Development Authority (APCRDA) for the usage of its TMT bars in Amaravati Capital City construction works.
Approval Details
- Date of Receipt: June 12, 2026
- Approving Authority: Andhra Pradesh Capital Region Development Authority (APCRDA)
- Reference Number: Lr.No.01/CE/H&B Offices/M/s.SIMHADRI TMT/2026
- Validity Period: For ongoing and upcoming construction projects in Amaravati Capital City
Product Specifications
The approval covers primary source TMT bars manufactured by Steel Exchange India Limited under the brand name "SIMHADRI TMT" with the following grades:
- Fe550
- Fe500D
- Fe550D
- Fe550D CRS (Corrosion Resistant Steel)
Manufacturing Details
The company notes its production line covers "Iron ore to TMT bars" indicating integrated steel manufacturing capabilities.
Operational Impact
The approval is expected to enhance the Company's visibility and participation in infrastructure projects undertaken within the Amaravati Capital Region.
Geographic Coverage
The approval applies to construction works at Amaravati, the capital city of Andhra Pradesh.
Company Locations
- Integrated Steel Plant: Sreerampuram, L.Kota Mandal, Vizianagaram District - 535161
Authorized Signatories
- Raveendra Babu M, Company Secretary & Compliance Officer (Membership No: A34409)
- R.Gopala Krishna Reddy, Group Director (US & I), Engineer-In-Chief, APCRDA
Copy Distribution
The approval letter was copied to various construction companies including NCC Ltd, MEIL, Shapoorji Pallonji & Co Ltd, BSR Infratech Pvt Ltd, KMV Projects, KPC Projects Ltd, and RVR Projects.