Vraj Iron and Steel to Set Up Rolling Mill in Bilaspur; Project Cost ₹35 Crore
Vraj Iron and Steel Limited approved setting up a Rolling Mill at its Bilaspur plant to manufacture TMT Bars. The new facility will have a capacity of 1,50,000 tons per annum with an estimated project cost of ₹35 Crores. The expansion is planned for completion in FY 2026-27 and will be funded by internal accruals.
The expansion represents a significant capital expenditure and capacity addition, which is likely to have a material impact on the company's future performance and market standing.
The company is undertaking a capacity expansion which is expected to enhance production, improve efficiency, increase revenue and profitability, and strengthen market position.
Vraj Iron and Steel Limited has announced a significant capacity expansion through the establishment of a new Rolling Mill at its Bilaspur plant. The Board of Directors, in a meeting held on February 24, 2026, approved this strategic move to manufacture TMT Bars.
The proposed Rolling Mill will have an installed capacity of 1,50,000 tons per annum. The estimated project cost for this expansion is ₹35 Crores, plus applicable GST. The company anticipates that this expansion will enhance its production capacity for finished steel products, improve operational efficiency, and increase overall revenue and profitability, thereby strengthening its market position in the TMT segment.
The project is slated for completion within the Financial Year 2026-27. The investment will be financed through internal accruals. Additionally, the company may secure short-term unsecured loans from its promoters, up to ₹10 Crores, at an interest rate of 7.5% per annum, if required.
This development follows the company's existing capacity of 54,000 T.P.A at its Raipur plant, which is currently operating at an 82% utilization rate.
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