Vibhor Steel Tubes Limited has informed the Exchange regarding a press release dated March 20, 2026, titled "Vibhor Steel Tubes bags Rs 16.87 crore order for supply of fabricated and galvanised towers from Agrawal Infracab".
VSTL · price
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Vibhor Steel Tubes (VSTL) has secured a Rs 16.87 crore order from Agrawal Infracab, a manufacturer of cables and conductors for overhead power transmission and distribution, for the supply of fabricated and galvanised towers. The company highlighted buoyant demand for value-added steel products driven by growth in infrastructure projects. VSTL recently commissioned a 1.56 lakh MT greenfield plant in Odisha in June 2025 with a Rs 119.83 crore investment, taking its total capacity to 377,000 MTPA across three plants in Maharashtra, Telangana, and Odisha. Over 80% of its turnover comes from contract manufacturing for Jindal Pipes under the 'Jindal Star' brand.
Positive order win that supports the company's push into higher-value steel products beyond basic pipes, though the Rs 16.87 crore size is relatively modest given VSTL's large overall capacity. May provide modest support to the stock sentiment but is unlikely to be a major price catalyst on its own.