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New Issue Monitor


(24 Jun 2024, 21:45)

Vraj Iron and Steel

Sponge Iron, MS billets and TMT bar manufacturer

Increasing the aggregate installed capacity from 231,600 tpa to 500,100 tpa

CM RATING 45 / 100
Reckoner

Vraj Iron and Steel Limited (formerly known as Phil Ispat Pvt Ltd) is a subsidiary company of Gopal Sponge and Power Private Limited (GSPPL), Raipur, with interest in steel and power. In FY2012, GSPPL bought a majority stake (i.e., 74%) in Phil Ispat Private Limited, incorporated in 2004. Subsequently, the name of the company changed to Vraj Iron and Steel Limited (VISL) in November 2023.

VISL manufactures sponge iron, MS billets, and TMT bars under the brand Vraj. It currently operates through two manufacturing plants located at Raipur and Bilaspur in Chhattisgarh. These are spread across 52.93 acres.

The product offerings of sponge iron, TMT bars, and MS billets and by-products dolochar, pellet and ...



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