Vibhor Steel Tubes Ltd announced on Thursday that its board of directors has approved the incorporation of a wholly-owned subsidiary, Viyom Steel Infra Private Ltd, to manufacture steel products exclusively for the infrastructure sector.
The proposed subsidiary will focus on high-quality steel products for infrastructure use, including transmission towers, monopoles, crash barriers, octagonal poles, high mast poles, and pre-fabricated structures. Vibhor Steel Tubes will subscribe to the entire initial paid-up share capital of ₹10 lakh at par value, retaining 100 per cent ownership. Incorporation remains subject to the approval of the Ministry of Corporate Affairs.
VSTL shares were up 2.08 per cent at ₹115.80 on the NSE by midday Thursday, though the stock remains down nearly 23.5 per cent over the past year and has shed over 15 per cent year-to-date. The scrip hit a 52-week high of ₹204.99 in July 2025 and a low of ₹100.80 in March 2026. The market capitalization stood at approximately ₹219.59 crore, with a free-float cap of ₹55.07 crore. Buying interest accounted for about 65 percent of Thursday’s order book.
Published on June 4, 2026