Deals22 Dec 2025, 12:34 pm
Vardhman Special Steels to Invest Rs. 475 Crores in New Forging Unit for Automotive Industry
AI Summary
Vardhman Special Steels Ltd. has approved the proposal to set up a manufacturing unit for forging of steel meant for the automobile industry in the State of Punjab. This represents a forward integration of their existing steel-making operations, offering a comprehensive, one-stop solution for automotive OEs, backed by Japanese-quality standards. The estimated amount to be invested is Rs. 475 crores.
Key Highlights
- Vardhman Special Steels to set up a new manufacturing unit for forging of steel for the automobile industry.
- The new unit will offer a comprehensive, one-stop solution for automotive OEs, backed by Japanese-quality standards.
- The new unit represents a forward integration of the company's existing steel-making operations.
- The estimated investment for the new unit is Rs. 475 crores.