Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
Sunflag Iron & Steel grabbed market attention after its share price jumped sharply for the second straight session, touching a fresh record high of ₹376.55 on the BSE. The stock rallied 17% in intraday trade and has surged nearly 29% in just two trading days, making it one of the standout steel sector counters in the market.
The strong momentum followed a major bulk deal, where investor Vallabh Roopchand Bhanshali purchased 2 million shares of the company for around ₹60 crore at an average price of ₹300 per share. The development boosted investor interest in the special steel manufacturer.
Sunflag Iron & Steel, based in Maharashtra, manufactures special steel rolled products and serves sectors such as automobiles, defence, railways, aerospace and advanced engineering. The company’s super alloy steel facility is also expanding its reach into high-value segments, including defence, space, nuclear and turbine applications. With growing diversification and strong sector demand, Sunflag remains in focus for steel industry watchers.
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