IMR Group announced a strategic investment of Rs 300 crore in Steel Exchange India (SEIL) through subscription to share warrants. The investment will be made through IMR's Indian entities — India Coke and Power (ICPPL) and IMR Steel (ISPL). This capital infusion will strengthen SEIL's operations, optimize its debt structure, and position the company for accelerated growth — marking a significant milestone in IMR's forward integration strategy and its expansion across India's high-growth steel sector.
IMR Group, headquartered in Switzerland with operations in over 17 countries, operates a fully integrated metals platform spanning global mineral trading, mining, and downstream steel production. Through this investment, IMR will leverage its global sourcing capabilities for critical raw materials — including metallurgical coke, coking coal, non-coking coal, and ferrous scrap — to enhance SEIL's operational efficiency, supply chain security, and competitiveness. The partnership positions SEIL to capitalize on India's rapidly expanding steel demand, while reinforcing IMR's long-term commitment to the Indian steel ecosystem. |