Garg Furnace Subsidiary Commissions Alloy Steel Facility

Vaneera Industries Limited, a 51% subsidiary of Garg Furnace Limited, has successfully commissioned Phase-1 of its alloy steel forgeable billets manufacturing facility in Ludhiana, Punjab, effective August 21, 2024. This state-of-the-art facility marks a strategic move towards value-added products, aiming to improve realization and overall margins. The facility has a capacity of 1,00,000 MT per annum and targets key industrial segments like automotive, engineering, and railways. It offers premium quality, competitively priced billets as an import substitution and has export potential.