Mumbai, June 3 -- Vardhman Special Steels (VSSL) announce the formal signing of an

agreement with Aichi Steel Corporation, Japan (Aichi Steel), marking a significant milestone in their strategic partnership.

Aichi Steel has increased its equity stake in VSSL from 11.33% to 24.90%. This investment represents a further deepening of the long-standing relationship between the two companies and underscores Aichi Steel's growing confidence in VSSL and the Indian steel market.

The enhanced partnership is aligned with the shared vision of both organizations to develop a world-class green steel manufacturing facility in India, aimed at producing high-quality special steels for the global automotive and engineering industries. The upcoming plant...