India, Oct. 9 -- Hyderabad, October 9, 2025: Steel Exchange India Limited, a leading integrated steel manufacturer in South India and a trusted name in TMT rebars under the brand 'SIMHADRI TMT', has successfully refinanced its debt facilities totaling ?350 crore on more favorable terms, leading to significant reductions in finance costs.
The company completed the prepayment and redemption of existing Non-Convertible Debentures (NCDs) and a Term Loan, securing refinancing at substantially reduced interest rates from Kotak Mahindra Investments Limited, Oxyzo Financial Services Limited, and Kotak Credit Opportunities Fund. Out of the total sanctioned refinance facility of Rs 350 crore, Steel Exchange drew Rs 150 crore in term loans and comple...