Vraj Iron and Steel Approves ₹35 Crore Rolling Mill Expansion in Bilaspur
Vraj Iron and Steel Limited's Board approved setting up a Rolling Mill at Bilaspur to manufacture TMT Bars with a capacity of 1,50,000 Tons per annum. The project cost is estimated at ₹35 Crores, to be funded by internal accruals and potentially promoter loans. Capacity addition is targeted for FY2026-27.
The capacity addition and investment are significant for the company's scale of operations and future revenue potential.
The announcement details a capacity expansion which is a positive development for the company's growth and market position.
Vraj Iron and Steel Limited has announced a significant capacity addition with the approval to set up a new Rolling Mill at its Bilaspur Plant. This facility will be dedicated to manufacturing TMT Bars and is projected to have an installed capacity of 1,50,000 Tons per annum.
The estimated project cost for this expansion is ₹35 Crores, plus applicable Goods and Services Tax (GST). The Board of Directors approved this proposal during their meeting held on February 24, 2026, which commenced at 03:30 P.M. and concluded at 04:10 P.M.
The company plans to add this new capacity within the Financial Year 2026-27. The rationale behind this expansion includes enhancing production capacity of finished steel products, improving operational efficiency, increasing revenue and profitability, and strengthening the company's market position in the TMT segment. The company's existing capacity is 54,000 T.P.A. at its Raipur Plant, which is currently utilized at 67.22%.
The investment will be financed through internal accruals. If necessary, the company may also secure a short-term unsecured loan of up to ₹10 Crores from its promoters at an annual interest rate of 7.5%.
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Vraj Iron and Steel Limited filed this with the NSE as a statutory disclosure, categorised under capex. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Vraj Iron and Steel Limited. Read the original for the full detail.