Vardhman Special Steels has received an approval for raising of funds for Capital expenditure, General corporate purpose etc. up to an aggregate amount of Rs 175 crore including premium if any, through Global Depository Receipt or American Depository Receipts or Foreign Currency Convertible Bonds or Convertible debentures or Qualified Institutions Placement of Equity shares or through any other permissible mode or a combination thereof. The Board of Directors of the Company at their meeting held on November 04, 2017 has accorded its approval for the same.
Vardhman Special Steels incorporates cutting-edge manufacturing technology, ensuring the highest levels of quality and compliance. Placed among the leading producers of Special and Alloy Steels, the company caters to diverse requirements of hot rolled bars for Engineering, Automotive, Tractor, Bearing and Allied Industries.
