Vardhman Special Steels Limited — Board Meeting, 22-04-2025: Outcome of Board Meeting

Vardhman Special Steels Ltd has announced a board meeting where the board approved the establishment of a new Green Steel plant in Punjab aimed at manufacturing special and alloy steel. The new facility will add a capacity of 500,000 MT for billet production, with an estimated investment of ₹2,000 Cr. The plant is expected to be operational by FY 2029-30, addressing the anticipated capacity shortage post-2028 and catering to increasing demand, especially for green steel in line with market trends. This strategic move aims to enhance production capabilities and diversify product offerings.