Investment28 May 2025, 04:27 pm
Vibhor Steel Tubes Ltd. Approves Additional Capex of Rs. 60 Crores and Enhances Capacity to 1,56,000 MT per Annum
AI Summary
Vibhor Steel Tubes Ltd. held a Board of Directors meeting on May 28, 2025, where they approved the audited financial results for the quarter and year ended March 31, 2025. The company has decided to increase the project outlay for its Sundargarh (Odisha) Plant from Rs. 60 crores to Rs. 120 crores. This expansion will enhance the annual capacity from 120,000 MT to 1,56,000 MT per annum. The additional project cost will be funded through external debt financing. The company's manufacturing units are located in Maharashtra, Telangana, and Odisha.
Key Highlights
- Approval of audited financial results for the quarter and year ended March 31, 2025
- Additional capex cost of Rs. 60 crores approved for Sundargarh (Odisha) Plant
- Project outlay increased from Rs. 60 crores to Rs. 120 crores
- Annual capacity to be enhanced from 120,000 MT to 1,56,000 MT per annum
- Additional project cost to be funded through external debt financing