New Launch24 Feb 2026, 04:22 pm
Vraj Iron And Steel Ltd Approves Rs. 35 Crores Rolling Mill Project at Bilaspur Plant
AI Summary
Vraj Iron And Steel Ltd has announced the approval of a new Rolling Mill project at its Bilaspur Plant. The project, which will manufacture TMT Bars, will have an installed capacity of 1,50,000 Tons per annum and an estimated project cost of Rs. 35 Crores plus applicable GST. The company plans to finance the project through internal accruals and a short-term unsecured loan from promoters, if required. The proposed expansion aims to enhance production capacity, improve operational efficiency, increase revenue and profitability, and strengthen the company's market position in the TMT segment.
Key Highlights
- Approval of a new Rolling Mill project at Bilaspur Plant
- Project to manufacture TMT Bars with an installed capacity of 1,50,000 Tons per annum
- Estimated project cost of Rs. 35 Crores plus applicable GST
- Financing through internal accruals and a short-term unsecured loan from promoters
- Proposed expansion aims to enhance production capacity, improve operational efficiency, increase revenue and profitability, and strengthen the company's market position in the TMT segment