Vraj Iron and Steel Limited, formerly known as Phil Ispat Pvt. Ltd. is a subsidiary of Gopal Sponge and Power Private Limited (GSPPL) based in Raipur, Chhattisgarh. The company operates two manufacturing units located in Raipur and Bilaspur, specializing in the production of sponge iron, MS billets, and TMT bars under the “Vraj” brand.
Key Products:
- Sponge Iron: A primary raw material for high-quality steel production, suitable for use in both induction and electric arc furnaces.
- MS Billets: Semi-finished casting products from the steel melting shop, further processed into finished goods.
- TMT Bars: Thermo-Mechanically Treated steel bars produced through a hot rolling process, offering enhanced strength and durability.
- Power: The company operates a 5MW captive power plant based on Waste Heat Recovery Boiler (WHRB) technology and is in the process of setting up an additional 15MW captive power plant in Bilaspur.
Financial Overview:
As of December 27, 2024, Vraj Iron and Steel Limited’s stock is listed on both the BSE (544204) and NSE (VRAJ), with a market capitalization of approximately ₹743 crore and a current share price around ₹225. The company has demonstrated strong financial performance, with a return on equity (ROE) of 33.5% and a return on capital employed (ROCE) of 36.5%.Notably, the company has reduced its debt and is now almost debt-free.
Recent Developments:
- On December 23, 2024, the company commenced commercial operations of its expanded sponge iron plant.
- On December 10, 2024, it received consent to operate for its expansion project involving the sponge iron and power plant.
​Vraj Iron and Steel Limited, formerly known as Phil Ispat Pvt. Ltd., is a subsidiary of Gopal Sponge and Power Private Limited (GSPPL) based in Raipur, Chhattisgarh.The company operates two manufacturing units located in Raipur and Bilaspur, specializing in the production of sponge iron, MS billets, and TMT bars under the “Vraj” brand.
Key Products:
- Sponge Iron: A primary raw material for high-quality steel production, suitable for use in both induction and electric arc furnaces.
- MS Billets: Semi-finished casting products from the steel melting shop, further processed into finished goods.
- TMT Bars: Thermo-Mechanically Treated steel bars produced through a hot rolling process, offering enhanced strength and durability.
- Power: The company operates a 5MW captive power plant based on Waste Heat Recovery Boiler (WHRB) technology and is in the process of setting up an additional 15MW captive power plant in Bilaspur.
Financial Overview:
As of December 27, 2024, Vraj Iron and Steel Limited’s stock is listed on both the BSE (544204) and NSE (VRAJ), with a market capitalization of approximately ₹743 crore and a current share price around 225.The company has demonstrated strong financial performance, with a return on equity (ROE) of 33.5% and a return on capital employed (ROCE) of 36.5%.Notably, the company has reduced its debt and is now almost debt-free.
Recent Developments:
- On December 23, 2024, the company commenced commercial operations of its expanded sponge iron plant.
- On December 10, 2024, it received consent to operate for its expansion project involving the sponge iron and power plant.
Disclaimer-
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