+
Aichi Steel Raises Stake in Vardhman to 24.9%
Steel

Aichi Steel Raises Stake in Vardhman to 24.9%

Vardhman Special Steels Limited (VSSL) has strengthened its strategic partnership with Japan’s Aichi Steel Corporation, as the latter increased its equity stake in VSSL from 11.33 per cent to 24.90 per cent. The formal signing took place at a ceremonial event, marking a key milestone in Indo-Japanese industrial cooperation.
The increased investment underscores Aichi Steel’s growing confidence in VSSL and the potential of the Indian steel sector. It also signals a shared commitment to building a world-class green steel manufacturing facility in India, aimed at producing high-quality special and alloy steels for global automotive and engineering markets.
The upcoming plant, to be developed with technical support from Aichi Steel, will have a manufacturing capacity of 500,000 tonnes per annum, backed by an estimated capital expenditure of Rs 20 billion. The facility will integrate advanced Japanese steelmaking processes and focus on supplying both domestic and ASEAN markets.
Speaking on the occasion, Mr Sachit Jain, Vice Chairman & Managing Director of VSSL, said, “Aichi Steel’s enhanced investment affirms our shared vision for long-term, sustainable growth. This partnership will establish a global benchmark in green steel production and reinforces our alignment with the Government’s ‘Make in India’ initiative.”
Mr Naohide Goto, President of Aichi Steel, noted that both companies are uniquely positioned for low-carbon steelmaking, given their reliance on electric arc furnaces and robust scrap recycling networks. “We believe Vardhman’s use of green energy and advanced processes will serve customers seeking environmentally friendly steel products,” he added.
The collaboration aims to deliver high-quality, cost-effective, and sustainable steel to meet global demand while contributing to India’s economic and environmental goals. The agreement cements VSSL and Aichi’s long-term affiliation and highlights India’s rising importance as a hub for responsible steel production in the region.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Vardhman Special Steels Limited (VSSL) has strengthened its strategic partnership with Japan’s Aichi Steel Corporation, as the latter increased its equity stake in VSSL from 11.33 per cent to 24.90 per cent. The formal signing took place at a ceremonial event, marking a key milestone in Indo-Japanese industrial cooperation.The increased investment underscores Aichi Steel’s growing confidence in VSSL and the potential of the Indian steel sector. It also signals a shared commitment to building a world-class green steel manufacturing facility in India, aimed at producing high-quality special and alloy steels for global automotive and engineering markets.The upcoming plant, to be developed with technical support from Aichi Steel, will have a manufacturing capacity of 500,000 tonnes per annum, backed by an estimated capital expenditure of Rs 20 billion. The facility will integrate advanced Japanese steelmaking processes and focus on supplying both domestic and ASEAN markets.Speaking on the occasion, Mr Sachit Jain, Vice Chairman & Managing Director of VSSL, said, “Aichi Steel’s enhanced investment affirms our shared vision for long-term, sustainable growth. This partnership will establish a global benchmark in green steel production and reinforces our alignment with the Government’s ‘Make in India’ initiative.”Mr Naohide Goto, President of Aichi Steel, noted that both companies are uniquely positioned for low-carbon steelmaking, given their reliance on electric arc furnaces and robust scrap recycling networks. “We believe Vardhman’s use of green energy and advanced processes will serve customers seeking environmentally friendly steel products,” he added.The collaboration aims to deliver high-quality, cost-effective, and sustainable steel to meet global demand while contributing to India’s economic and environmental goals. The agreement cements VSSL and Aichi’s long-term affiliation and highlights India’s rising importance as a hub for responsible steel production in the region.

Next Story
Infrastructure Urban

Delivering metals in 24 hours with AI

India’s metal supply chain has long struggled with delays, fragmentation and lack of transparency, forcing purchase teams to chase vendors and juggle uncertain stock. Enlight Metals is tackling these inefficiencies with an AI-powered aggregation platform, multilingual voice-enabled procurement and strategically located dark stores that enable 24-hour delivery – transforming how OEMs, EPCs and infrastructure players source their metals. In a conversation with CW, Dhananjay Goel, Director, and Vedant Goel, Director, shares how the company is reshaping procurement. What problem..

Next Story
Infrastructure Urban

Silvin's CPVC Additive Gets NSF® Certification for Safety

Silvin Additives, a prominent manufacturer of PVC and CPVC additives, has secured the NSF® Guideline 533 certification for its CPVC Super1Pack formulation. This certification affirms the additive’s compliance with stringent international health and safety standards for products intended for drinking water applications.Awarded by NSF, a globally respected public health and safety authority based in Michigan, United States, the certification is granted only after rigorous product testing and inspection. NSF® Guideline 533 specifically assesses the safety of chemical ingredients used in produ..

Next Story
Infrastructure Urban

Mitsubishi Halts Offshore Wind Projects in Japan

Mitsubishi Corporation (MC) has announced its decision to withdraw from three major offshore wind projects off the coast of Japan due to a significant shift in global business conditions. The projects were being developed through a consortium led by its subsidiary, Mitsubishi Corporation Offshore Wind Ltd., and were located off the shores of Noshiro City, Mitane Town, and Oga City in Akita Prefecture; Yurihonjo City in Akita Prefecture; and Choshi City in Chiba Prefecture.The company stated that following a review initiated in February 2025, it concluded the projects were no longer viable. The..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?