Vraj Iron And Steel Limited formally known as Phil Ispat Private Limited. It has taken only one manufacturing unit at Bilaspur in year 2012. In 2019-20 the company established one integrated unit & one TMT making unit at Raipur. Both the units before taken by the new management were under deep financial stress. The company has been turn around as now one of the most low cost producer of Steel in Chhattisgarh.