Steel Exchange India has signed a memorandum of understanding (MoU) with Andhra Pradesh Government for expansion of its steel plant in Vizianagaram district of Andhra Pradesh. The company moves for expansion of steel plant from 0.25MT to 1.25 MT at Sreerampuram Village in L.Kota Mandal, Vizianagaram district, with an investment of Rs 7,937 crore, in two phases with potential to generate 1,500 new jobs.
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.
