Vraj Iron and Steel Limited has successfully commissioned its 15MWp solar power plant in Chhattisgarh, marking a significant milestone in the company's renewable energy expansion. The commissioning was completed on December 18, 2025, with power generation commencing immediately.

Solar Plant Details

The solar power facility has been strategically located at Village Mohbhattha, Tehsil Berla, District Bemetara in Chhattisgarh. The plant specifications and operational details are outlined below:

Regulatory Approvals

The company secured all necessary regulatory clearances before commissioning the solar facility. Key approvals were obtained from:

• Chhattisgarh State Renewable Energy Development Agency (CREDA)
• Chhattisgarh State Power Transmission Company Limited (CSPTCL)

The metering infrastructure has been installed and is operational, enabling immediate power generation tracking and grid connectivity.

Strategic Significance

The commissioning of this solar power plant represents a significant step towards enhancing Vraj Iron and Steel's renewable energy capacity. The company views this development as crucial for supporting its sustainable operations strategy and reducing its carbon footprint.

This renewable energy initiative aligns with the broader industry trend of steel companies investing in clean energy solutions to meet environmental compliance requirements and operational efficiency goals. The 15MWp capacity addition strengthens the company's energy security while contributing to sustainable manufacturing practices.

Compliance and Disclosure

The company announced this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to both BSE Limited and NSE Limited, ensuring transparency with stakeholders regarding this significant operational milestone.

Vraj Iron and Steel Limited (VISL) has announced a significant restructuring of its promoter and holding companies, aimed at consolidating its business operations and optimizing its corporate structure. The merger, involving four companies, is expected to simplify the shareholding pattern and potentially lead to improved operational efficiencies.

Key Points of the Merger

• Merging Entities: Four promoter and holding companies of VISL are involved in the merger.
• Resulting Structure: Gopal Sponge and Power Private Limited (GSPPL) will emerge as the sole holding company of VISL.
• Shareholding Impact: GSPPL's stake in VISL will increase from 54.52% to 71.36%.
• Public Shareholding: The merger will not affect the percentage of public shareholding in VISL.

Merger Details

Objectives of the Merger

1. Consolidation of business operations
2. Reduction in compliance costs
3. Creation of synergies and optimal management
4. Streamlining of administrative efforts
5. Better integration and smoother flow of information

Financial Implications

While the merger primarily affects the promoter companies, it's worth noting VISL's recent financial performance:

All figures in ₹ crore

The significant growth in assets and shareholders' capital over the past year indicates a robust financial position for VISL, which may have influenced the decision to streamline the promoter structure.

Conclusion

This corporate action represents a strategic move by Vraj Iron and Steel Limited's promoters to simplify their holding structure. While the immediate impact on VISL's operations may be limited, the consolidation at the promoter level could potentially lead to more streamlined decision-making and resource allocation in the future. Investors and stakeholders should monitor how this restructuring might influence VISL's long-term strategic direction and operational efficiency.