India turns net finished steel exporter in FY26 Jindal Steel posts ₹1,044.75 crore Q4 profit WTO reviews global steel safeguard measures
Vardhman Special Steels Limited (VSSL) has approved setting up a new manufacturing unit for forging of alloy steel components for the automotive industry in Punjab, as disclosed to stock exchanges under SEBI regulations. The company’s board cleared the proposal on 22 December 2025, with an estimated investment of ₹475 crore.
As per the company’s disclosure, the expansion is positioned as forward integration of its existing steelmaking operations to deliver a more comprehensive, one-stop solution for automotive original equipment customers, aligned with Japanese-quality standards.
Industry reporting adds that the planned facility in Punjab (Ludhiana) is expected to be developed with advanced forging technology, modern heat treatment and stringent quality controls, targeting demand from sectors including automotive and broader engineering. The project is also expected to create direct and indirect employment and will be implemented in phases, subject to statutory approvals and execution timelines.
Also Read : Tata Steel Shares Rise as EU Moves to Protect Steel Sector Rashmi Group to Invest ₹10,000 Crore in Steel and Power Plant in West Bengal
Global crude steel production softened in February 2026, showing that the recovery in steel de...
Europe 24-Mar-2026
SJVN shares increased by 1% to ₹123.70 in early trade on February 28th, following its affiliate's co...
Mid Corporate 28-Feb-2024
India is poised to significantly expand its nuclear power capacity with the addition of 18 new nucle...
Energy 26-Feb-2024
Adani Power and Jindal Power are reportedly considering participation in the bidding process for the...
Large Corporate 23-Jan-2024
ArcelorMittal Nippon Steel India’s upcoming Andhra Pradesh project is shaping up to be one of...
Construction 19-Mar-2026
Greenko Group, one of the world’s leading Energy Transition and Decarbonisation solutions comp...
Renewables 23-Jan-2024