Incorporated in June 2004, Vraj Iron and Steel manufactures sponge iron, M.S. billets, and TMT bars under the brand Vraj. It runs two manufacturing plants in Raipur and Bilaspur, Chhattisgarh, covering 52.93 acres. As of March 2023, the total installed capacity of the manufacturing plants was 231,600 tons per year, including intermediate and final products.
The company’s consolidated net profit slipped 47.75 to Rs 10.29 crore on 23.9% slide in net sales to Rs 87.55 crore in Q2 FY25 over Q2 FY24.