Project Update29 Oct 2026, 01:53 pm
Sambhv Steel Tubes Board Approves New ₹148 Cr Stainless Steel Plant
AI Summary
Sambhv Steel Tubes Limited's Board of Directors, in a meeting held on October 29, 2026, approved the establishment of a new Greenfield manufacturing facility for Stainless Steel Seamless Pipes and Tubes. This project will be undertaken by its wholly owned subsidiary, Sambhv Tubes Limited, in Chhattisgarh. The facility will have an initial capacity of 14,400 MTPA and an estimated investment of ₹1,480.00 million (₹148 Crore). The project is expected to be funded through a mix of debt and internal accruals, with completion targeted by March 2028. This expansion aims to bolster the company's presence in value-added steel products and meet growing market demand.
Key Highlights
- Board approved new Greenfield stainless steel plant via subsidiary.
- Project involves ₹1,480 million (₹148 Crore) investment.
- Initial capacity of 14,400 MTPA, completion by March 2028.
- Expansion targets value-added steel products segment.
- Funding mix of debt and internal accruals.
Price Impact
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