Vibhor Steel Tubes rises on commencing trial production at Unit III plant in Odisha
Vibhor Steel Tubes is currently trading at Rs. 145.55, up by 3.20 points or 2.25% from its previous closing of Rs. 142.35 on the BSE.
The scrip opened at Rs. 145.80 and has touched a high and low of Rs. 147.95 and Rs. 144.10 respectively. So far 762 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 343.00 on 04-Mar-2024 and a 52 week low of Rs. 140.95 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 163.50 and Rs. 140.95 respectively. The current market cap of the company is Rs. 276.00 crore.
The promoters holding in the company stood at 73.48%, while Institutions and Non-Institutions held 0.04% and 26.49% respectively.
Vibhor Steel Tubes has successfully commenced trial production at its Unit III plant in Sundargarh district, Odisha on March 1, 2025. The plant has a capacity of 120000 MTPA and the trial production commenced using generators, and the company expects commercial production in the unit to begin at the end of March 2025, with the installation of an electricity connection.
The Unit III at Sundargarh is located at a land parcel of 23.98 acres and accounted for a total project cost of Rs 119.83 crore - funded through a blend of debt and internal accruals. Upon commencement of commercial production (targeted by the end of March 2025), Unit III with installed capacity of 120000 MTPA will also produce value-added products, including crash barriers, high mast lighting poles, octagonal poles and monopoles. Located in Odisha, Unit III will also enable the company to tap new market demand across eastern India more efficiently.
Vibhor Steel Tubes is manufacturers and exporters of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils.
