04 Mar 2025

Vibhor Steel Tubes' Stock Rises Amid Odisha Plant Trial Production

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 stock opened at RS 145.80 and has reached a high of RS 147.95 and a low of RS 144.10 so far, with 762 shares traded on the counter.

This BSE group 'B' stock, with a face value of RS 10, hit a 52-week high of RS 343.00 on March 4, 2024, and a 52-week low of RS 140.95 on March 3, 2025. Over the past week, the scrip's high and low stood at RS 163.50 and RS 140.95, respectively. The company's current market capitalization is RS 276.00 crore. Promoters hold 73.48% of the company's shares, while institutions and non-institutions hold 0.04% and 26.49%, respectively.

On March 1, 2025, Vibhor Steel Tubes commenced trial production at its Unit III plant in Sundargarh district, Odisha. The plant, with a capacity of 120,000 MTPA, began trial production using generators. Commercial production is expected to start by the end of March 2025, following the installation of an electricity connection.

Unit III, situated on a 23.98-acre land parcel, represents a total project cost of RS 119.83 crore, funded through a combination of debt and internal accruals. Once commercial production begins, the unit will produce value-added products, including crash barriers, high mast lighting poles, octagonal poles, and monopoles. Located in Odisha, Unit III will enable the company to efficiently tap into new market demand across eastern India.

Vibhor Steel Tubes specializes in manufacturing and exporting Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hollow Steel Pipes, and Cold Rolled Steel (CR) Strips/Coils.