Steel Exchange India (SEIL) has received approval to acquire Lion Impex DWC-LLC a Dubai based new company as a wholly owned subsidiary. The board of directors at their meeting held on August 12, 2015 has approved for the same.
The board also took note of the incorporation of SEIL (Hong Kong) on June 02, 2015 as a wholly owned subsidiary of the company. Besides, the board approved to revive www.steelexchangeindia.com, India’s first e-commerce portal for Steel Industry.
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.
