India, Dec. 23 -- Vardhman Special Steels Limited (BSE: 534392 | NSE: VSSL), one of India's leading producers of special steels and a pioneer in green steel manufacturing, has approved an investment of Rs 2,475 crore to set up a new steel forging and machining manufacturing facility in Ludhiana. The expansion marks the company's strategic entry into value-added automotive components, supported by technical know-how and expertise from Aichi Steel Corporation.
The proposed forging unit represents a forward integration of Vardhman Special Steels' existing steelmaking operations. With this move, the company aims to offer a comprehensive one-stop solution to automotive OEMs, covering the entire value chain—from steel production to finishe...