Vibhor Steel Tubes Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting

Vibhor Steel Tubes approved its audited financial results, reporting annual revenue of Rs. 996 Cr and profit of Rs. 11.77 Cr, down from Rs. 1,072 Cr and Rs. 17.72 Cr last year amid margin pressure. The Board greenlit an additional Rs. 60 Cr capex for the Odisha plant, doubling total investment to Rs. 120 Cr and raising capacity to 1.56 lakh MT annually. This expansion will be funded by external debt, with project commissioning now pushed to June 2025 due to power connection delays.