Vardhman Special Steels Limited — Updates, 03-06-2025: Press Release

Vardhman Special Steels has announced a board meeting to approve the financial results for the quarter and half-year. Aichi Steel increased its stake to 24.90% via a Rs. 384.90 crore preferential issue, reinforcing their strategic tie-up. Together, they plan a green steel plant with 5 lakh TPA capacity and Rs. 2,000 crore investment, using advanced Japanese tech. This strengthens Vardhman’s push into sustainable, low-carbon steel production for domestic and ASEAN markets, positioning it well for future growth in eco-friendly steel.