Bengaluru, June 15 -- India's capital city ambitions are quietly creating winners in the steel sector. As Amaravati's long-delayed development gathers pace under a massive government push, one Andhra Pradesh-based manufacturer has just secured a critical gateway into the project's supply chain - and the market has taken notice.

Shares of Steel Exchange India Limited, with a market capitalization of Rs.1,512 crore, are trading at a price of Rs.12.13 i.e. 5.29% up from its previous closing price of Rs.11.52. It made a high of Rs.12.53 which is around 9% up from previous closing price. It is trading at a P/E ratio of 57.57.

APCRDA Nod Opens Doors to Amaravati Supply Chain

Steel Exchange India Limited has received formal approval from the ...