Vardhman Special Steels’ board approved Capital expenditures (capex) amounting to Rs 33 crore (approximate) for meeting the future incremental demand from the existing customers. The company plans to increase the capacity, especially the Steel Melting Shop by debottlenecking some of the processes, saving in change over time by doing some automations, strengthening R&D and investment in Environment protection. The proposed capacity is to be added by March 31, 2026. The Board of Directors of the Company in its meeting held on May 1, 2024 has approved the same.
Vardhman Special Steels, incorporated in 2010, is part of the Vardhman group. It has its operating unit in Ludhiana, Punjab, which manufactures hot rolled bars and caters to the diverse requirements of various end-user segments such as engineering, automotive, tractor, bearing and allied industries.
