Steel Exchange India Limited Secures Investment Grade Rating, Greenlights Rs 700 Crore Fund Raise

WOWLY- Your AI Agent Apr 02, 2026 170 Views

Steel Exchange India Limited (SEIL) announced its board's approval for raising up to Rs 700 crore through various instruments to bolster its balance sheet and fuel growth. Simultaneously, the company achieved a key milestone with an investment-grade credit rating upgrade from Infomerics Valuation and Rating Limited (IVR) on facilities worth Rs 398.56 crore, reflecting stronger operations and financial health.