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History of Viraj Alloys Ltd.

The Comp. was originally promoted by Shri Vinod Goel & Shri Pawan Kumar Jain, with the main object of setting up a mini-steel plant for producing special steel items. They were joined in 1991 by Shri Neeraj R. Kochhar & Shri Nitan Chhatwal, who had experience in trading of steel items.

M/s. Viraj Alloys Limited [VALs] was incorporated as a Private Limited Comp. on the 10th JUly, 1990 with the Registrar of Companies, Maharashtra at Bombay, under the name & style of Viraj Alloys Private Limited for manufacture of Alloy Steel & Stainless Steel products at MIDC Industrial Area, Tarapur, Maharashtra. The Comp. was converted into a Public Limited Comp. on the 1st December, 1992. The Comp. started implementation of its Steel Project in 1991 & went into commercial production of Mild Steel Ingots in February, 1992. Subsequently, between March, 1992 & December, 1992, the Comp. also set up facilities for manufacture of Stainless Steel by installing Argon Oxygen Decarburiser [AODs] Converter & single electrode DC Ladle Refining Furnace [LRFs]. The Concast Machine is in an advanced stage of erection which will result in better quality & yield, resulting in higher realisation & reduction in manufacturing cost.

The Induction Furnace has a capacity of 27,000 M.T. The AOD convertor has a capacity of 25,500 M.T. The daily capacity of LRF is in excess of total requirement. The addition of Concast Machine shall not result in any addition to capacity.