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Business EconomyPosted at: Jul 17 2024 5:05PM


VSTL inaugurates new GI manufacturing unit in Telangana

Hyderabad, July 17 (UNI) Vibhor Steel Tubes Limited (VSTL), a leading manufacturer of high-quality steel products in India, inaugurated a new Galvanizing Iron (GI) manufacturing unit in Telangana on Wednesday.
With the commissioning of this new facility, VSTL’s GI capacity in the state will double from 24,000 MTPA to 48,000 MTPA. The new manufacturing unit, spanning 1,296 sq mts, adds a capacity of 24,000 MTPA. This development marks a significant milestone in the company’s ongoing expansion and commitment to quality and timely delivery, a company statement said.
The Haryana-headquartered company has invested Rs. 2 crore from its internal accruals to set up the new plant. In February 2024, VSTL made a stellar debut on BSE, raising Rs. 72.17 crore from its IPO.
Commenting on the company’s capacity expansion plans, Vibhor Kaushik, Managing Director of VSTL, said, “The inauguration of the new plant is a testament to our unwavering commitment to excellence and customer satisfaction.
The new facility is poised to play a pivotal role in our company’s long-term growth strategy. Besides strengthening the production and supply of Crash Barriers to our customers across the country, the new state-of-the-art facility will further reinforce our position as a leader in the steel tubes and pipes industry."
Located in Balanagar, Mahbubnagar district of Telangana, the new manufacturing unit will produce top-quality Crash Barriers, widely used on medians, shoulders, verges, and high embankments. VSTL’s zinc-coated crash barriers are safer than rigid barriers and have a long life with low maintenance costs.
VSTL operates two manufacturing units: the first in Raigad, Maharashtra, where 100 per cent of export sales occur, and the second in Mahbubnagar district, Telangana. With a total capacity of 2,21,000 MTPA, the company supplies its products to western and southern markets in Maharashtra, Gujarat, Madhya Pradesh, Telangana, Karnataka, and Tamil Nadu.
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