Vraj Iron and Steel Ltd. Stock Analysis VRAJ.NS

Vraj Iron & Steel Ltd. is a holding company, which engages in the manufacturing and trading of iron and steel, and power. The company is headquartered in Raipur, Chhattisgarh and currently employs 473 full-time employees. The company went IPO on 2024-07-03. The firm is involved in manufacturing of sponge iron, mild steel (M.S.) billets, and thermo mechanically treated (TMT) bars under the brand Vraj. The company has two manufacturing units at Raipur and Bilaspur in Chhattisgarh. Its product includes Sponge Iron, TMT Bar, MS Billets and by-products, Dolochar, Pellet and Pig Iron, cater to a mix of customers that consists of industrial customers and end-users. Its MS billets are a semifinished casting product produced in a steel melting shop that needs to be further processed to transform them into a finished good. Sponge iron is the key raw material required to manufacture high quality steel. The company has an installed capacity of producing over 1,20,000 metric tons annually and is in expansion mode. The firm has a capacity of five megawatts of power plant for its captive use.