Support and Resistance Levels
Past performance
About Vaswani Industries Ltd Vaswani Industries Ltd., part of the Vaswani Group, is a leading manufacturer and trader in the steel sector, with a focus on Iron Ore Pellets, Sponge Iron, Steel Billets, and HB Wires, alongside power generation. Incorporated in 2003, the company is the largest Sponge Iron producer in Central India, with production facilities in Raipur, Chhattisgarh. Vaswani Industries operates a comprehensive chain of value-added products, including Induction Furnaces, Rolling Mills, and TMT Bars.
Over the years, the company has significantly expanded its production and power generation capacities. It installed its first kiln in 2003-04, expanded its Sponge Iron capacity by 2005-06, and added Induction Furnaces in 2007-08. The company also generates power primarily for captive use, with a capacity of 11.5 MW as of 2010-11, and sells surplus power to private companies and the Chhattisgarh State Electricity Board. Such strategic expansions underscore its commitment to growth and sustainability in the industry.