Steel Exchange India Ltd was incorporated in Februarary 1999 as Pyxis Technology Solutions Ltd. The company promoted by team of technocrats, friends and relatives.
Promoters were originally into trading of steel and steel related products under the name of Vizag profiles. In December 1999 the Steel Exchange India Ltd was incorporated as 100 percent subsidiary of Pyxis Technologies.
As demand for steel started growing from 2000 onwards the promoters gradually ventured into steel manufacturing by acquiring Simhadri Steels, a company having rolling mill at Vizag, and setting up an ingot manufacturing unit at Kothapeta in 2004.
Under a Scheme of Amalgamation approved by the Members of the Companies, SEIL(subsidiary) and Simhadri Steels were merged with Pyxis Technologies under the name of Steel Exchange India Ltd.
Over the years company has acquired sick units and turning them into profitable ventures.The company today has the 0.5 million ton capacity of producing mts per annum of steel products.
The largest of the units, an integrated steel manufacturing hub consisting of 0.5 million ton sponge iron unit, 0.3million ton billet unit and 220,00 tpa rolling mill. The steel manufacturing hub is located on 400 acres of land,35km from Visakhapatnam city at Malliveedu Village in Andhra Pradesh. The company has a land of more than 500 acres.
SEIL has set up a Simhadri Power Limited(SPV) a captive 60MW captive power plant.The unit generates of about 16MW from waste heat recovery of DRI Kilns and about 18MW from CHAR and WHRB.
Simhadri Power Ltd was later merged to Steel Exchange India Ltd In the Year 2014.

Steel Exchange India Ltd was incorporated in Februarary 1999 as Pyxis Technology Solutions Ltd. The company promoted by team of technocrats, friends and relatives.
Promoters were originally into trading of steel and steel related products under the name of Vizag profiles. In December 1999 the Steel Exchange India Ltd was incorporated as 100 percent subsidiary of Pyxis Technologies.
As demand for steel started growing from 2000 onwards the promoters gradually ventured into steel manufacturing by acquiring Simhadri Steels, a company having rolling mill at Vizag, and setting up an ingot manufacturing unit at Kothapeta in 2004.
Under a Scheme of Amalgamation approved by the Members of the Companies, SEIL(subsidiary) and Simhadri Steels were merged with Pyxis Technologies under the name of Steel Exchange India Ltd.
Over the years company has acquired sick units and turning them into profitable ventures.The company today has the 0.5 million ton capacity of producing mts per annum of steel products.
The largest of the units, an integrated steel manufacturing hub consisting of 0.5 million ton sponge iron unit, 0.3million ton billet unit and 220,00 tpa rolling mill. The steel manufacturing hub is located on 400 acres of land,35km from Visakhapatnam city at Malliveedu Village in Andhra Pradesh. The company has a land of more than 500 acres.
SEIL has set up a Simhadri Power Limited(SPV) a captive 60MW captive power plant.The unit generates of about 16MW from waste heat recovery of DRI Kilns and about 18MW from CHAR and WHRB.
Simhadri Power Ltd was later merged to Steel Exchange India Ltd In the Year 2014.