SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Steel Exchange gets nod to merge Simhadri Power with itself

20 Jan 2015 Evaluate

Steel Exchange India (SEIL) has received approval from High Court at Hyderabad for Telangana and Andhra Pradesh for the amalgamation of Simhadri Power with itself with the effective date of merger as April 1, 2013.

The amalgamation will not only help SEIL to compete better in the market with uninterrupted supply of power to its existing units but also provide reliable power to its expansion plans which will also enhance the scale of operations and thereby provide significant impetus to the growth of both the companies.

Simhadri Power, a Vizag-based company, has a coal-based power plant generating 60 MW of power. Of this, 34 MW is used for captive purpose and the remaining is sold to the Andhra Pradesh grid.

Steel Exchange India operates in six divisions, namely Trading Division, Steel Melting Division, Rolling Division, Wire Drawing and HC Wire Products & Galvanized Wire Division, Pyxis Software Division and Sponge Iron Division.

 

Steel Exchange India Share Price

8.96 0.11 (1.24%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×