New Launch25 Feb 2026, 01:39 pm
Vraj Iron And Steel Ltd Approves Rs. 35 Crores Rolling Mill Project at Bilaspur Plant
AI Summary
Vraj Iron And Steel Ltd has approved a proposal to set up a Rolling Mill at its Bilaspur Plant for manufacturing of TMT Bars with an installed capacity of 1,50,000 Tons per annum. The estimated project cost is Rs. 35 Crores plus applicable GST. The company plans to finance the project through internal accruals and a short term unsecured loan from promoters up to Rs. 10 Crores. The rationale behind this expansion is to enhance production capacity, improve operational efficiency, increase revenue and profitability, and strengthen the company's market position in the TMT segment.
Key Highlights
- Vraj Iron And Steel Ltd approves Rs. 35 Crores Rolling Mill project at Bilaspur Plant.
- The new Rolling Mill will have an installed capacity of 1,50,000 Tons per annum.
- The project will be financed through internal accruals and a short term unsecured loan from promoters up to Rs. 10 Crores.
- The expansion aims to enhance production capacity, improve operational efficiency, and increase revenue and profitability.
- The new Rolling Mill will strengthen the company's market position in the TMT segment.