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Latest news about Vraj Iron and Steel

VRAJ Iron and Steel Submits Q3FY26 IPO Monitoring Report with ₹170.75 Crore Utilization 3 hrs ago Today

VRAJ Iron and Steel Limited filed its Q3FY26 monitoring agency report showing ₹170.75 crore utilization from its ₹171 crore IPO proceeds. The company completed its sponge iron plant ahead of schedule in December 2024, while the captive power plant finished in March 2025 with a 2-month delay. The billet plant implementation continues to face delays due to supplier issues and heavy rainfall, with only ₹0.25 crore remaining unutilized in the monitoring account.

VRAJ Iron and Steel Reports Q3FY26 Results and Approves 21 MW Solar Plant Expansion 21 hrs ago Yesterday

VRAJ Iron and Steel Receives Credit Rating Reaffirmation from CARE Ratings Jan 02, 2026

Vraj Iron and Steel Enhances Corporate Guarantee to ₹35 Cr Dec 20, 2025

Vraj Iron & Steel Commissions 15MWp Solar Plant in Chhattisgarh Dec 18, 2025

More news about Vraj Iron and Steel

02Dec 25

Vraj Iron and Steel's Promoter Companies Initiate Merger to Streamline Shareholding Structure

Vraj Iron and Steel Limited (VISL) has announced a merger of four promoter and holding companies, aimed at consolidating business operations and optimizing corporate structure. Gopal Sponge and Power Private Limited (GSPPL) will become the sole holding company of VISL, increasing its stake from 54.52% to 71.36%. The merger will not affect public shareholding in VISL. Objectives include reducing compliance costs, creating synergies, and streamlining administrative efforts. VISL's recent financial performance shows significant growth in assets and shareholders' capital.

02Dec 25

Vraj Iron and Steel Faces Legal Challenge Over Company Name Similarity

Vraj Iron and Steel Limited has received a Special Civil Application from the High Court of Ahmedabad, Gujarat. The suit, filed by Viraj Profiles Private Limited, challenges the similarity of company names. The plaintiff seeks to quash a favorable ruling by the Regional Director, North Western Region (MCA) Ahmedabad, alleging that Vraj Iron and Steel's name is identical or too similar to theirs. The legal basis includes Articles 14, 19(1)(g), and 226 of the Constitution of India 1950. Vraj Iron and Steel has acknowledged the notice and plans to take necessary action.

12Nov 25

Vraj Iron and Steel Reports 52% Revenue Growth in Q2 FY26

Vraj Iron and Steel Limited announced Q2 FY26 results with revenue from operations increasing 52% YoY to ₹132.98 crore. Half-year revenue rose 34.20% to ₹271.29 crore. Despite strong top-line growth, Q2 profit after tax declined 25.57% to ₹7.19 crore, and half-year PAT decreased 40.63% to ₹14.51 crore. The company's expansion projects faced delays, with the Billet Plant still ongoing due to supplier issues and heavy rainfall. Total assets increased to ₹4,646.02 crore as of September 30, 2025.

23Sept 25

Vraj Iron and Steel Limited Hit with Rs 15 Crore Trademark Lawsuit at Bombay High Court

Vraj Iron and Steel Limited has been served with a commercial suit at the Bombay High Court by Vraj Profiles Private Limited. The lawsuit alleges trademark infringement, claiming Vraj Iron and Steel's name is too similar to the plaintiff's. Vraj Profiles is seeking damages of Rs 15 crore. The case has been filed under the Trademark Act, 1999 and Civil Procedure Code 1908. Vraj Iron and Steel has disclosed this litigation to stock exchanges in compliance with SEBI regulations.

18Sept 25

Vraj Iron and Steel Limited Boosts Credit Facilities to Rs. 128 Crores, Focusing on Solar Power Project

Vraj Iron and Steel Limited has increased its total credit facilities from Rs. 70.00 crores to Rs. 128.00 crores, an 82.86% rise. The enhancement includes a new Rs. 38.00 crore Term Loan for a Solar Power Project at their Raipur Steel Unit. This move aims to reduce energy costs, improve operational efficiency, and position their products in the 'green category'. The company's credit structure now comprises Rs. 50.00 crores for Letter of Credit, Rs. 40.00 crores for Cash Credit, and Rs. 38.00 crores for the Term Loan.

11Aug 25

Vraj Iron and Steel Posts Higher Revenue but Lower Profits in Q1

Vraj Iron and Steel reported mixed Q1 financial results. Revenue increased by 21.1% to ₹1.38 billion, but net profit declined by 50.5% to ₹73.30 million. EBITDA decreased by 37.4% to ₹132.00 million, with EBITDA margin contracting from 18.41% to 9.54%. The company faces profitability challenges despite strong sales growth, indicating cost pressures in the steel sector.

09Aug 25

Vraj Iron and Steel Reports Rs. 168.08 Crore IPO Proceeds Utilization, Billet Plant Faces Delays

Vraj Iron and Steel Limited has utilized Rs. 168.08 crore out of Rs. 171.00 crore raised from its IPO. Funds were used for loan repayment (Rs. 70.00 crore), expansion projects (Rs. 59.25 crore), general corporate purposes (Rs. 22.80 crore), and IPO expenses (Rs. 16.01 crore). The Sponge Iron Plant and Captive Power Plant projects are completed, while the Billet Plant faces delays. The company's Q2 2025 financial results show Revenue from Operations at Rs. 1,383.01 crore and Profit After Tax at Rs. 73.26 crore. Remaining Rs. 2.94 crore is in fixed deposits.

09Aug 25

Vraj Iron and Steel Reports 50% Surge in Q1 Profit on Robust Revenue Growth

Vraj Iron and Steel announced impressive Q1 financial results. Standalone revenue grew by 20.7% to Rs. 1,383.01 crores, while consolidated profit after tax increased by 51.4% to Rs. 75.91 crores. EBITDA grew by 26.9% to Rs. 153.35 crores, with the EBITDA margin improving to 11.1%. The strong performance was driven by higher sales volumes and improved realizations in the steel segment. The company operates in the business of manufacturing steel products and has only one reportable operating segment.

27May 25

VRAJ IRON AND STEEL Q4 Results: Revenue Up, Profits Down Amid Margin Pressure

VRAJ IRON AND STEEL's Q4 financial results show a 29.66% year-over-year revenue increase to ₹1.53 billion. However, profitability declined with EBITDA falling to ₹164.80 million and net profit decreasing to ₹100.14 million. The EBITDA margin compressed to 10.77% from 15.31% last year. Despite yearly declines, the company saw quarter-over-quarter improvement in net profit, rising from ₹82.40 million in the previous quarter to ₹100.14 million.

24Mar 25

Vraj Iron and Steel Boosts Energy Capacity with New Power Plant in Chhattisgarh

Vraj Iron and Steel Limited has successfully commissioned a new power plant in Chhattisgarh on March 24, 2025. Located in Village Dighora, near Bilha Mode, Tehsil-Takhatpur, District Bilaspur, the plant's turbine has been synchronized with the State Distribution Grid. The company plans to gradually increase power generation, aiming to enhance energy self-sufficiency and potentially reduce operational costs. This strategic move is expected to improve operational efficiency and strengthen the company's position in the iron and steel industry.

21Feb 25

Vraj Iron Secures 78,000 MT Coal Linkage, Boosting Operational Capabilities

Vraj Iron and Steel Limited has won a coal linkage auction conducted by South Eastern Coalfields Limited, securing 78,000 metric tonnes of coal per annum from five collieries. This long-term fuel supply agreement is expected to enhance operational efficiency, support production capabilities, and improve cost management. The company plans to participate in future auctions, focusing on plants near coal mines.