Mumbai, August 25, 2025: Haryana-based high-quality steel tubes and pipes maker, Vibhor Steel Tubes Ltd (VSTL), has commenced supply of the Electric Resistance Welded (ERW) and Galvanized (GI) Pipes produced from its greenfield plant located at Sundargarh in Odisha.
Commercial production at the 156,000 MTPA facility in Odisha had started in July 2025. The plant, which entailed a total investment of Rs 119.83 crore over 30 months, offers several value-added steel products such as crash barriers, Power Transmission Line Towers, high mast lighting poles, octagonal poles and monopoles. With the new capacity commissioned, the company’s total capacity has increased to 377,000 MTPA, located across its three plants in Maharashtra, Telangana and Odisha.
Commenting on the development, Vijay Kaushik, Chairman and Executive Director, Vibhor Steel Tubes, said, “The commencement of supply of ERW and GI pipes from the Sundargarh facility marks a significant milestone in strengthening our production and distribution capabilities, ensuring timely supply and enhanced service to our valued customers. The state-of-the-art plant focuses on production of high value-added products, which is set to significantly boost our margins in the coming quarters. This will also enable us to tap into newer markets and also focus on exports in a big way. We see significant growth in both our topline and bottom-line in the forthcoming quarters.”
Vibhor Steel manufactures a range of steel products, including electric resistance welded pipes, hot-dipped galvanised pipes, hollow section pipes and primer painted pipes among others. VSTL, which has a contract manufacturing agreement with Jindal Pipes to manufacture and supply finished goods under the brand name Jindal Star, currently sees over 80 per cent of its total turnover coming from this one segment.
VSTL had, in February 2024, made a stellar debut on BSE and NSE, raising Rs. 72.17 crore from the IPO. With a total capacity of 377,000 MTPA, the company supplies its products to western and southern markets in Maharashtra, Gujarat, Madhya Pradesh, Telangana, Karnataka and Tamil Nadu.
For the quarter ended June 30, 2025, the company had a net profit of Rs 3.14 crore and an operating income of Rs 230.96 crore. VSTL registered an operating income of Rs 996.38 crore for FY 2024-25, compared to Rs 1,072.71 crore in FY 2023-24. The company’s net profit on a standalone basis stood at Rs 11.77 crore in FY 2024-25 vs. Rs 17.72 crore in FY 2023-24. This margin improvement was visible owing to the company’s shift towards value-added products as well as volume expansion for ERW tubes.