Kolkata-based private firm Anil Balaji Steel plans to invest ₹200 crore to expand in Uttar Pradesh and Odisha. The company aims for a ₹500 crore turnover by 2030 and is targeting an SME IPO within three years. Investors should note this is an unlisted company and should not be confused with other listed steel firms.
Kolkata-based Anil Balaji Steel has announced plans to scale its manufacturing operations across Uttar Pradesh and Odisha. The company, which currently manufactures products like rolling shutter gates, steel pipes, and roofing solutions, plans to invest ₹200 crore over the next five years to fuel this expansion. This investment is part of a broader strategy to grow its annual turnover to ₹500 crore by 2030, rising from its current turnover of approximately ₹125 crore.
To support this growth, the company is preparing to enter the public market via an SME IPO, aiming for a listing around 2029. The management stated that they are currently in discussions to acquire manufacturing facilities in the targeted states, which would supplement their existing operations in Howrah, West Bengal. The company also intends to expand its current manufacturing footprint in West Bengal.
It is important for investors to note that Anil Balaji Steel Private Limited is currently an unlisted company. As of August 2026, its shares are not traded on the National Stock Exchange (NSE) or the Bombay Stock Exchange (BSE). Consequently, public information on its financial performance, debt levels, and profitability is not available through standard market data platforms used for listed stocks.
Investors should also distinguish this company from other publicly listed entities in the steel sector. Specifically, it should not be confused with Anil Special Steel Industries Ltd, which is a separate, publicly traded company. The steel manufacturing sector in India is highly competitive and cyclical, meaning companies face constant pressure from raw material price volatility and shifting demand. For an unlisted company planning significant expansion, risks typically include the execution of large projects, the ability to manage debt-funded growth, and the challenge of scaling operations in new geographic markets like UP and Odisha.
The progress of this expansion will depend on the company's ability to secure and integrate new manufacturing facilities without overstretching its financial resources. Investors interested in the SME space may monitor official company announcements or future regulatory filings if the company proceeds with its plans for a public offering in the coming years.