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.

VRAJ Iron and Steel Limited has announced a major capacity expansion with the establishment of a new rolling mill at its Bilaspur plant. The Board of Directors approved this strategic initiative on February 24, 2026, during a meeting that commenced at 03:30 P.M. and concluded at 04:10 P.M., marking a significant step in the company's growth trajectory. The expansion is expected to generate approximately 125% revenue.

Regulatory Compliance and Disclosure

The company has filed the requisite intimation under Regulation 30 of SEBI (LODR) Regulations, 2015, with both BSE Limited and NSE Limited on February 25, 2026. The disclosure was made pursuant to Para B of Part A of Schedule III of SEBI regulations, ensuring full compliance with listing obligations and disclosure requirements.

Project Overview

The new rolling mill will manufacture TMT bars with an installed capacity of 150000 tons per annum. The project carries an estimated cost of Rs 35.00 crores plus applicable GST, with the company noting that project costs may vary up to 15% from the estimated amount.

Current Operations and Capacity Utilization

The company currently operates a facility at Raipur with an existing capacity of 54000 tons per annum. The current capacity utilization stands at 67.22% at the existing Raipur unit, indicating room for growth and the strategic timing of this expansion.

Financing Strategy

The company has outlined a clear financing approach for the project. The expansion will be funded primarily through internal accruals, demonstrating the company's strong cash position. If additional funding is required, VRAJ Iron and Steel Limited will utilize short-term unsecured loans from promoters up to Rs 10 crores at an interest rate of 7.5% per annum.

Strategic Rationale

The company has identified several key benefits from this expansion initiative:

• Enhanced Production Capacity: Significant increase in finished steel products manufacturing capability
• Operational Efficiency: Improved overall operational performance across facilities
• Revenue Growth: Expected increase in revenue and profitability from expanded operations with approximately 125% revenue generation
• Market Position: Strengthened competitive position in the TMT segment

The project represents a substantial investment in the company's manufacturing infrastructure and positions VRAJ Iron and Steel Limited for enhanced market presence in the steel industry. The expansion is scheduled for completion during Financial Year 2026-27, adding significant capacity to the company's existing operations.