Synopsis:
This manufacturing company’s share momentum turned around with this approval, after falling for straight 3 days after weak quarterly results.
The shares of this company engaged in the integrated business of manufacturing Sponge Iron, Steel Billets & Ingots and power generation, in focus after approval for its additional capacity of MS Billet.
With market capitalization of Rs. 183.06 Crore, Vaswani Industries Ltd’s shares on Thursday made a day high of Rs. 60.50 per share, 14.6 percent up from previous day’s close price of Rs. 52.78 per share. The stock has given a multi bagger return of 1,255 percent over a period of five years.
Significant Approval
The approval letter was received by the company on November 18, 2025, that the Chhattisgarh Environment Conservation Board (CGECB) has granted the approval (consent to operate) for an additional MS Billet capacity of 1,05,000 TPA, including the existing capacity of 36,000 TPA, in accordance with the Environmental clearance issued by CGECB.
This approval of additional capacity to Mild Steel Billets which are widely used for producing non-alloy steel bars, structural steel components, and forging applications, are likely to boost company revenue from this segment.
With segment result, in their Rs. 85 crore of revenue from operation in Q2 FY26 Rs.78.36 crore is contributed by Iron & Steel alone, Rs.6.88 crore from Power and the company yet to start their Real estate, agri product segment.
About the company
Vaswani Industries Ltd incorporated in 2003, part of Vaswani Group of Industries is one of the reputed groups of Chhattisgarh. The Group has a chain of value-added products which include Induction Furnace, Sponge Iron, Power, Steel Billets, Rolling Mill, TMT Bars, Forgings & Casting.
Over the last two decades, the company has continuously diversified its product portfolio to include many customised value-added products. The company has a production capacity of 6000MT(Sponge Iron), 59400MT(Billets), 8MW(Power), and possesses one of the largest market share in Central India.
Written by Gourav Pratap Singh
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