Vraj iron and steel Limited has announced the commencement of commercial operations at its new induction furnace unit, marking a significant milestone in the company's expansion plans. The facility, located in Bilaspur, Chhattisgarh, began commercial production on March 27, 2026, following receipt of necessary regulatory approvals.

Regulatory Approval and Capacity Details

The company received the Consent to Operate (CTO) from the Chhattisgarh Environment Conservation Board (CECB) on March 27, 2026, enabling immediate commencement of commercial operations. The key specifications of the new facility are outlined below:

Technology and Expected Impact

The induction furnace unit has been established using advanced technology, positioning the company to enhance its production capabilities. Management expects the facility to contribute positively to the company's overall operational performance and efficiency.

Compliance and Disclosure

Vraj Iron and Steel Limited made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made pursuant to Para B of Part A of Schedule III of the regulations, ensuring transparency with stakeholders regarding this significant operational development.

The company's shares are listed on BSE with security code 544204 and on NSE under the symbol VRAJ. Company Secretary and Compliance Officer Priya Namdeo signed the official communication to the stock exchanges.

Vraj iron and steel Limited has executed a Long Term Open Access (LTOA) Tripartite Agreement with Chhattisgarh state power companies for solar power procurement, marking a significant step in the company's green energy initiatives. The agreement was signed on March 13, 2026, following the earlier commissioning of the company's solar power project.

Agreement Details and Parties

The tripartite agreement involves three key entities working together to facilitate solar power procurement. The arrangement enables Vraj Iron and Steel Limited to access solar power through the state's transmission and distribution infrastructure.

Power Capacity and Technical Specifications

The agreement covers a total capacity of 10.85 MW, structured to optimize power utilization through different access mechanisms. The capacity allocation demonstrates a strategic approach to solar power procurement.

Strategic Impact and Benefits

The Long Term Open Access Agreement represents a continuation of the company's earlier solar power project commissioning, as previously communicated in December 2025. The arrangement is designed to support multiple strategic objectives for the organization.

The agreement is expected to reduce electricity costs significantly while contributing to the company's sustainable energy usage goals. This dual benefit aligns with both cost optimization strategies and environmental sustainability commitments.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring transparency with stakeholders. The agreement details have been formally communicated to both stock exchanges as part of the mandatory reporting requirements.

This development builds upon the company's previous intimation regarding the commissioning of its solar power facility, demonstrating continued progress in renewable energy adoption. The 25-year agreement duration provides long-term energy security and cost predictability for the company's operations.