Expansion14 Jul 2026, 07:30 pm
Vraj Iron & Steel Approves Greenfield Project Expansion
AI Summary
Vraj Iron and Steel Ltd announced board approval for the expansion of its Greenfield project in Bastar, Chhattisgarh. This includes the takeover of a project site land from its promoter and the establishment of an integrated steel plant with an initial production capacity of 201,000 TPA for Sponge Iron and MS Billet, along with 15 MW power plants (WHRB and CFBC). The estimated capital investment for the first stage is approximately ₹450.00 crores, to be funded through internal accruals, equity infusion, and debt. The project is expected to be commissioned within 30 months from ground breaking and is strategically located near iron ore resources with favorable state industrial policies.
Key Highlights
- Board approved takeover of Greenfield project site land.
- New integrated steel plant to have 201,000 TPA Sponge Iron & Billet capacity.
- Estimated capital investment for Phase-I is ₹450.00 crores.
- Project to be funded by internal accruals, equity, and debt.
- Commissioning expected within 30 months of ground breaking.
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