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Vardhman Special Steels gets not to borrow up to Rs 200 crore

04 Aug 2014 Evaluate

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.

Vardhman Special Share Price

256.00 -1.60 (-0.62%)
20-Apr-2026 15:25 View Price Chart
Peers
Company Name CMP
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Jindal Stainless 788.05
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