Steel Exchange India Ltd (SEIL) has successfully completed capital expansion projects at its integrated steel plant, significantly boosting its production capacities. The company announced that its Billet Production Mill capacity has increased by 44.8% from 2,50,000 TPA to 3,62,000 TPA, while the Rolling Bar Mill capacity has surged by 58.67% from 2,25,000 TPA to 3,57,000 TPA.
The expansion, undertaken at SEIL’s plant in Sreeramapuram Village, L. Kota Mandalam, Vijayanagaram (Near Visakhapatnam), is expected to enhance efficiency and reduce costs. The company estimates a potential cost saving of up to Rs 3,000 per ton on 8mm and 10mm sizes, which were previously processed externally.
Key Details of the Expansion:
- Location: Sreeramapuram Village, L. Kota Mandalam, Vijayanagaram, near Visakhapatnam
- Increase in Production Capacity:
- Billet Production: 2,50,000 TPA → 3,62,000 TPA (+44.8%)
- Rolling Bar Mill: 2,25,000 TPA → 3,57,000 TPA (+58.67%)
- Commencement of Commercial Production: March 18, 2025
- Mode of Financing: Mix of term loans and internal accruals
The move is expected to improve SEIL’s operational efficiency while strengthening its position in the domestic steel market. The company confirmed that the official notification regarding the capacity expansion was communicated to stock exchanges on March 19, 2025.
