STEEL EXCHANGE INDIA LIMITED — Important, 21-04-2025: Updates

The Andhra Pradesh Maritime Board (APMB) has approved the use of "SIMHADRI TMT" steel rebars for two significant projects: the Greenfield Port at Machilipatnam and the Greenfield Port at Mulapeta, both in Andhra Pradesh. The Machilipatnam project is being managed by Megha Engineering & Infrastructures Limited, while the Mulapeta project involves Vishwa Samudra Ports (JV). This approval enhances the company's position in regional infrastructure projects and presents an opportunity for increased revenue from these contracts. Investors should monitor developments closely, as successful execution may positively impact future financial performance.