The company was originally incorporated as “Phil Ispat Private Limited” as a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated June 16, 2004 issued by the Registrar of Companies, Madhya Pradesh and Chhattisgarh. Pursuant to special resolution passed by the shareholders of the company at the extraordinary general meeting held on September 29, 2023, the name of the company was changed to “Vraj Iron & Steel Private Limited” and a fresh certificate of incorporation pursuant to change of name dated October 30, 2023 was issued by Registrar of Companies, Chhattisgarh. Thereafter, the company was converted to a public limited company, pursuant to a special resolution passed by the shareholders of the company at the extraordinary general meeting held on October 31, 2023 and the name of the company was changed to “Vraj Iron & Steel Limited” and a fresh certificate of incorporation consequent upon conversion to a public limited company dated November 10, 2023 was issued to the company by the Registrar of Companies, Chhattisgarh.

The company is engaged in manufacturing of Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj. It currently operates through two manufacturing plants which are located at Raipur and Bilaspur in Chhattisgarh spread across 52.93 acres. The company is in the process of increasing the capacities of its existing manufacturing plants and captive power plant, which is expected to increase its aggregate installed capacity (comprising of intermediate and final products) from 2,31,600 TPA to 5,00,100 TPA and captive power plants aggregate installed capacity from 5 MW to 20 MW.  The company’s product offerings such as Sponge Iron, TMT Bar, MS Billets and by-products Dolochar, Pellet and Pig Iron cater to a mix of customers that consist of industrial customers and end-users. It sells its products directly as well as through brokers / dealers. As part of its initiatives towards continual improvement, it has obtained the Environment Management System Certification under the new standard of ISO 14001: 2015 for Raipur Plant.

Business area of the company

The company manufactures Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj. 

Major events and milestones

• 2004: The company was incorporated as a Private Limited Company under the name of Phil Ispat Private Limited.
• 2004: Installation of factory and commencement of production of Sponge Iron at Bilaspur Plant.
• 2012: Change in management of the company due to acquisition of Equity Shares by the company’s Promoters viz. Gopal Sponge & Power Private. Ltd. and Ram Gopal Jhanwar from erstwhile promoters of the company.
• 2018: The company achieved a revenue of Rs 1,000 million.
• 2020: The company acquired a plant for manufacturing of Sponge Iron, MS Billets and TMT Bars at Raipur, as a going concern on slump sale basis.
• 2022: The company achieved a revenue of Rs 4,000 million.
• 2023: The company achieved a revenue of Rs 5,000 million.
• 2023: Change in name of the company from Phil Ispat Private Limited to Vraj Iron and Steel Private Limited.
• 2023: Conversion of the Company from Private Limited Company i.e. Vraj Iron and Steel Private Limited to a Public Limited Company i.e. Vraj Iron and Steel Limited.