BOM:534748

2 stories mentioning BOM:534748Updated 44d ago

Every FINWIRES story that references BOM:534748, newest first.

Steel Exchange India Repays INR150 Million in Loans; Shares Jump 7%

Steel Exchange India (NSE:STEELXIND) has repaid term loan facilities amounting to 150 million Indian rupees, reducing its outstanding debt by about 5.5%.Earlier, the company redeemed 431.9 million rupees in non-convertible debentures and repaid 280 million rupees in loans, according to a stock exchange filing on Thursday.The company's total debt reduction has now reached about 860 million rupees, representing roughly 25% of its long-term debt.Shares of the company jumped over 7% in recent trade.

BOM:534748NSE:STEELXIND

Asia47d ago

Steel Exchange India Gets Regulatory Nod for TMT Bars Supply in Amaravati Projects; Shares Jump 6%

Steel Exchange India (NSE:STEELXIND, BOM:534748) said it has received approval from the Andhra Pradesh Capital Region Development Authority (APCRDA) for use of its SIMHADRI TMT (Thermo-Mechanically Treated) steel bar, in Amaravati capital city projects, according to a Monday filing on Indian exchanges.The approved products include Fe500D, Fe550, Fe550D and Fe550D CRS grades for use in ongoing and upcoming construction works under APCRDA, the filing said.Shares of the company jumped nearly 6% in recent trade.

BOM:534748NSE:STEELXIND

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