Steelco Gujarat Restarts Commercial Production After Six-Year Hiatus, Signals Turnaround Under New Ownership

Steelco Gujarat Ltd has officially resumed commercial production at its Palej facility in Bharuch, Gujarat, as of July 14, 2025. The restart marks a major milestone for the company, which had ceased operations in 2019 due to financial distress and was subsequently revived under a new resolution plan approved by the NCLT in 2023.

 

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Sources: Steelco Gujarat Corporate Filings, Economic Times, Screener.in, Business Standard, MarketScreener (July 2025)