What we do Vraj Iron & Steel Ltd manufactures sponge iron, MS billets, and TMT bars, operating primarily in Chhattisgarh, India, serving the steel manufacturing sector. |
Founded in 2,004 |
Market share Emerging player with growing capacity following recent IPO and expansion projects. |
Problem solved Provides quality steel products addressing infrastructure and construction material demand in India. |
Top clients or who we serve Construction and infrastructure companies, B2B customers in Indian steel sector. |
Key management Chairman & Managing Director: Mr. Vijay Anand Jhanwar, Whole Time Directors: Mr. Prasant Kumar Mohta, Mr. Praveen Somani. |
Our journey and innovations Incorporated in 2004, renamed and went public in 2024; expanded plant capacity, set up solar power for efficiency. |
Where we operate Operations centered in Raipur and Bilaspur, Chhattisgarh, India. |
Top products or what we offer Sponge Iron, Mild Steel Billets, Thermo Mechanically Treated Bars under the brand 'Vraj'. |
Top brands Brand 'Vraj' known for reliable sponge iron, MS billets, and TMT bars in regional markets. |
Raw materials needed Iron ore, coal, and power are key raw materials for steel manufacturing. |
Raw materials supplier Sourced locally and regionally from mining and coal suppliers in India. |
Recurring vs cyclical contribution Revenue is largely cyclical, linked to construction sector demand and raw material price fluctuations. |
Our industry position Growing mid-size manufacturer with ongoing capacity expansion improving competitiveness and margins. |
Financial highlights FY 2024-25 Revenue: Rs 478.86 Cr; Net Profit: Rs 44.09 Cr; healthy growth post-IPO and expansion. |
Geographical revenue split Predominantly Indian market, focused on Chhattisgarh and neighboring regions. |
Order book - |
Whats driving growth Capacity expansion, solar power integration reducing costs, infrastructure sector growth, successful IPO funding. |
Our future plans Complete capacity expansion, ramp up power plant use, increase steel production efficiency, expand market reach. |
Our green promise Setting up 15 MW solar power plant to reduce carbon footprint and power costs. |
Our people and values Employee-centric with focus on safety, compliance, and fostering inclusive industrial relations. |
Key challenges ahead Raw material cost volatility, cyclical demand, competition from larger steel producers, regulatory compliance. |
Interesting facts Completed IPO in 2024 raising Rs 171 Cr; notable expansion without land cost increase by utilizing existing facilities. |
Risks and strategy Mitigates raw material risks via local sourcing; focuses on operational efficiencies and diversification to stabilize revenue. |
