Vardhman Special Steels Ltd

Vardhman Special Steels Ltd Technicals

Vardhman Special Steels Ltd Financials

Vardhman Special Steels Ltd Shareholding Pattern

About Vardhman Special Steels Ltd

Vardhman Special Steels Limited, was incorporated on 14 May 14, 2010 in Ludhiana. The Company is one of India's leading special steel producers, developing high-quality special steel for automotive OEs operating in India. The main business of the Company consist of manufacturing billets, steel bars and bright bars of various categories of special and alloy steels. Part of the Vardhman Group, the Company is based at Ludhiana, India, with its manufacturing facility. As a part of US$1.4 billion Vardhman Group, the Company features among the leading producers of special and alloy steels catering primarily to domestic automotive sector. Presently, it manufactures high quality special steel which is currently being imported. The company emphasized in building relationships with its clients and business associates. The Company enjoys a technical alliance with Aichi Steel Corporation, a Japanese major steel, Toyota's leading material producer group and is steadily progressing into a globally respected special steel major. The Company caters to diverse requirements of hot rolled bars for engineering, automotive, tractor, bearing and allied industries. With manufacturing plants, the Company has an extensive list of clientele, including various globally renowned corporations, such as Toyota, Hero Moto Corp, Caterpillar, Hino Motors, Bosch. And thus, the Company is an ISO 14001:2004; OHSAS 18001:2007; ISO 9001:2008; ISO/TS 16949:2009 certified organization. Pursuant to the S ...cheme of Arrangement & Demerger between Vardhman Textiles Limited (VTXL) and the Company sanctioned by the Hon'ble High Court of Punjab & Haryana at Chandigarh on January 12, 2011, the Steel Business Undertaking of Vardhman Textiles Limited was demerged into the Company effective from January 1, 2011. The Company implemented a new Rolling Mill, M/s. Morgardshammar, Sweden, which became fully operational from January 1, 2014. The New Bright Bar Shop commissioned in June, 2015. The Rolling Mill expansion capacity increased to 180,000 tons of rolling in 2016. The Company increased its operating capacity (billet making) from 50,000 TPA in 2010 to 260,000 TPA in FY 2025. Aichi Steel Corporation raised its equity stake to 24.90% in Jul'25. In FY 2025-26, the Kocks Block in Rolling Mill was commissioned in April 2025, reaching full operation faster ahead of schedule. The commissioning of the walking-beam Reheating Furnace has increased the Rolling Mill's capacity to 270,000 tonnes per annum in March 2026. A closed-loop circular economy project with Maruti Suzuki began in September 2025.

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