VRAJ IRON AND STEEL Share Price

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• Vraj, a brand within the company, manufactures Sponge Iron, M.S. Billets, and TMT bars across 2 key manufacturing plants located in Raipur and Bilaspur, Chhattisgarh. These facilities span an area of 52.93 acres and, as of March 31, 2023, boasted a combined installed capacity of 231,600 tons per annum (TPA) for both intermediate and final products. Notably, the Raipur plant additionally houses a captive power plant with a 5 MW capacity (as of March 31, 2023).
• Beyond the core offerings of Sponge Iron, TMT Bars, and MS Billets, the company also produces by-products like Dolochar, Pellet, and Pig Iron, catering to a diverse clientele. This extensive product portfolio allows Vraj to cater to a wider range of industrial customer needs and potentially mitigate market fluctuations by leveraging synergies across different product lines.
• The company is actively engaged in expanding its existing production and power generation capabilities. The proposed capacity enhancements are anticipated to significantly increase the production of intermediate and final products from 231,600 TPA to 500,100 TPA, showcasing a potential growth of over 116%. Similarly, the captive power plant's capacity is slated to grow fourfold, reaching 20 MW upon completion. These ambitious expansion plans are scheduled to be operational by FY 2024-25, further bolstering Vraj's operational footprint and market reach
  
• Vraj employs a multifaceted sales and distribution strategy, selling its products directly to end-users while also collaborating with brokers and dealers. This approach allows the company to leverage the strengths of both direct sales and established market channels, potentially ensuring wider market penetration and efficient product delivery.
• Demonstrating a commitment to environmental stewardship, the Raipur plant has secured the coveted ISO 14001:2015 certification for its Environment Management System. This certification signifies Vraj's adherence to internationally recognized environmental standards, potentially enhancing its brand image and attracting sustainability-conscious clients
• Vraj Iron & Steel Limited's journey began in 2004 under the private limited company structure as "Phil Ispat Private Limited," established on June 16th through a certificate of incorporation issued by the Registrar of Companies, Madhya Pradesh and Chhattisgarh. With shareholder approval, the company converted to a public limited company and adopted its current name, "Vraj Iron & Steel Limited." This transformation, finalized on November 10th with a fresh certificate issued by the Registrar of Companies, Chhattisgarh, unlocked avenues for broader stakeholder participation and potential capital expansion, paving the way for further endeavours.