Vibhor Steel Tubes has approved the formation of a wholly-owned subsidiary to focus on infrastructure steel products.

Vibhor Steel Tubes Ltd recently said its board has approved the incorporation of a wholly-owned subsidiary, Viyom Steel Infra Pvt Ltd, to manufacture steel products exclusively for the infrastructure sector.

The proposed subsidiary will focus on high-quality infrastructure-grade steel products, including transmission towers, monopoles, crash barriers, octagonal poles, high mast poles and pre-fabricated structures. The company will subscribe to the entire initial paid-up share capital of ₹10 lakh at face value, retaining 100 per cent ownership. The incorporation is subject to approval from the Ministry of Corporate Affairs.