Vardhman Special Steels has received its board’s approval for borrowing up to a maximum of Rs 200 crore. The company has also sought shareholder approval to mortgage or create charge on any movable or immovable property of the company.
Recently, the company reported 34.32% growth in its total sales during Q4 FY14 to 23891 million tonnes (MT) as compared to 17786 MT during same quarter previous year. Moreover, the company’s sales increased by 18.26% in FY14 to 90364 MT as compared to 76412 MT in FY13.
Vardhman Special Steel is a niche player in the special and alloy steel market of India. With installed capacity of 1,20,000 MT per annum, Vardhman offers alloy steel made with contemporary technologies like electro-magnetic stirrers, vacuum degasification, auto mould level controlled and auto controlled cooling etc.
| Company Name | CMP |
|---|---|
| Tata Steel | 211.20 |
| JSW Steel | 1274.60 |
| SAIL | 171.90 |
| Jindal Stainless | 788.05 |
| APL Apollo Tubes | 2137.70 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: