Mumbai, June 4 -- The proposed wholly owned subsidiary shall carry on the business of specialized manufacturer of high-quality steel products for infrastructure sector. Its product portfolio will include transmission towers, monopoles, crash barriers, octagonal poles, high-mast poles, prefabricated structures, and other infrastructure-related steel solutions.

The company will subscribe to the entire initial paid-up share capital of Rs 10 lakh in the subsidiary, with shares being issued at par value. The company will hold 100% ownership and retain full management control over the subsidiary.

Vibhor Steel Tubes is engaged in the business of manufacturing of ERW pipes & tubes, galvanized pipes & tubes, transmission line towers and crash ba...