Vraj Iron & Steel Ltd. IPO

Our Company is engaged in manufacturing of Sponge Iron, M.S. Billets, and TMT bars. We currently operate through two manufacturing plants which are located at Raipur and Bilaspur in Chhattisgarh spread across 52.93 acres and having major presence in Chhattisgarh. Our manufacturing plant at Raipur ... also includes a captive power plant with an aggregate installed capacity of 5 MW, as of December 31, 2023. After implementation of the Expansion Project,we expect to increase our aggregate installed capacity (comprising of intermediate and final products) from 231,600 TPA to 500,100 TPA and captive power plants aggregate installed capacity from 5 MW to 20 MW. Read more

Our Company was originally incorporated as “Phil Ispat Private Limited” as a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated June 16, 2004 issued by the Registrar of Companies, Madhya Pradesh and Chhattisgarh. ... Pursuant to special resolution passed by the shareholders of our Company at the extraordinary general meeting held on September 29, 2023, the name of our Company was changed to “Vraj Iron & Steel Private Limited” and a fresh certificate of incorporation pursuant to change of name dated October 30, 2023 was issued by Registrar of Companies, Chhattisgarh. Thereafter, our Company was converted to a public limited company, pursuant to a special resolution passed by the shareholders of our Company at the extraordinary general meeting held on October 31, 2023 and the name of our Company was changed to “Vraj Iron & Steel Limited” and a fresh certificate of incorporation consequent upon conversion to a public limited company dated November 10, 2023 was issued to our Company by the Registrar of Companies, Chhattisgarh. The Corporate Identity Number of the Company is U27101CT2004PLC016701.

Our Company belongs to Iron and Steel Industry. India is the second-largest steel producer in the world with an installed capacity of 161.3 MT in FY23. It is also the second- largest consumer of finished steel with a consumption of 120 MT in FY23. The Indian steel sector growth over the years has ... been attributed to the domestic availability of raw materials such as iron ore and cost-effective labour. Also, the industry has benefitted from domestic demands in sectors such as construction, real estate, and automobiles. Whereas the vast coastline has enabled exports and imports, making India one of the leading countries in the global steel industry. Read more