Corporate News

26-Aug-2026, 12:23

Vibhor Steel Tubes Limited approved a loan of Rs 20 crore to its wholly-owned subsidiary, Viyom Steel Infra Private Limited, according to a regulatory filing on Tuesday, August 25, 2026. The loan will be used for working capital requirements and to purchase land for a commercial manufacturing facility for infrastructure-related products, including transmission towers, monopoles, and crash barriers. The interest rate is 9.5%, repayable on demand with a maximum period of 10 years, and the transaction is considered an arm’s length related party transaction.