Vardhman Special Steels Announces Greenfield Steel Plant
Steel

Vardhman Special Steels Announces Greenfield Steel Plant

Vardhman Special Steels announced plans to set up a new greenfield steel plant in Punjab, marking a significant capacity expansion initiative. Key highlights include: • Planned capacity: 5,00,000 MT per annum of billet production, with a commensurate Rolling Mill and testing facilities. • Capex investment: Approximately Rs 20 billion, to be funded through internal accruals, equity, and debt. • Commissioning target: FY 2029–30. • Strategic goals: Address anticipated capacity shortages post-2028, meet evolving OEM quality standards, align with green steel and circular economy trends, and expand into new product segments such as wire rods, forgings, and non-automotive applications.

"We are excited to announce the setting up of our new greenfield plant, which is a major step towards positioning Vardhman Special Steels for the next phase of growth. This expansion will enhance our ability to meet future demand, achieve better cost efficiencies, and align with global sustainability trends," added Sachit Jain, Vice Chairman & Managing Director, Vardhman Special Steels Ltd.

Vardhman Special Steels Limited one of India’s leading producers of special steels and a pioneer in green steel manufacturing also announced its audited financial results for the fourth quarter and full year ended March 31, 2025.

The company reported revenue from operations of Rs 17.64 billion in FY25, registering a 6.20% increase year-on-year. EBITDA (including other income) stood at Rs 1.77 billion, reflecting a 2.84% growth, while PAT rose by 1.59% to Rs 930.9 million. The Board has recommended a dividend of Rs 3 per equity share for FY25, up from Rs 2 per share in the previous year.

For Q4 FY25, the company achieved a sales volume of 53,834 tonne, a 3.29% increase over the same period last year, despite a 14-day rolling mill shutdown. Revenue for the quarter stood at Rs 4.28 billion, while PAT was reported at Rs 197.3 million.

Jain added, "In Q4 FY25, we delivered volume growth despite operational challenges. However, higher-than-expected price reductions impacted realisations and profitability. We remain focused on improving operational efficiency and ensuring sustainable growth. With the successful commissioning of the Kocks Block, we expect further productivity gains in the coming quarters." (Vardhman)

Vardhman Special Steels announced plans to set up a new greenfield steel plant in Punjab, marking a significant capacity expansion initiative. Key highlights include: • Planned capacity: 5,00,000 MT per annum of billet production, with a commensurate Rolling Mill and testing facilities. • Capex investment: Approximately Rs 20 billion, to be funded through internal accruals, equity, and debt. • Commissioning target: FY 2029–30. • Strategic goals: Address anticipated capacity shortages post-2028, meet evolving OEM quality standards, align with green steel and circular economy trends, and expand into new product segments such as wire rods, forgings, and non-automotive applications. We are excited to announce the setting up of our new greenfield plant, which is a major step towards positioning Vardhman Special Steels for the next phase of growth. This expansion will enhance our ability to meet future demand, achieve better cost efficiencies, and align with global sustainability trends, added Sachit Jain, Vice Chairman & Managing Director, Vardhman Special Steels Ltd. Vardhman Special Steels Limited one of India’s leading producers of special steels and a pioneer in green steel manufacturing also announced its audited financial results for the fourth quarter and full year ended March 31, 2025. The company reported revenue from operations of Rs 17.64 billion in FY25, registering a 6.20% increase year-on-year. EBITDA (including other income) stood at Rs 1.77 billion, reflecting a 2.84% growth, while PAT rose by 1.59% to Rs 930.9 million. The Board has recommended a dividend of Rs 3 per equity share for FY25, up from Rs 2 per share in the previous year. For Q4 FY25, the company achieved a sales volume of 53,834 tonne, a 3.29% increase over the same period last year, despite a 14-day rolling mill shutdown. Revenue for the quarter stood at Rs 4.28 billion, while PAT was reported at Rs 197.3 million. Jain added, In Q4 FY25, we delivered volume growth despite operational challenges. However, higher-than-expected price reductions impacted realisations and profitability. We remain focused on improving operational efficiency and ensuring sustainable growth. With the successful commissioning of the Kocks Block, we expect further productivity gains in the coming quarters. (Vardhman)

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Next Story
Infrastructure Transport

Buying a TBM?

Tunnel-boring machines (TBMs) are increasingly being used in India for metro, rail and other infrastructure projects. Choosing the right TBM is vital to work efficiently, speedily and safely. Here’s a guide on how to make the right choice.Geological compatibilityTBMs are specifically designed and customised to suit the unique geological and geotechnical conditions of the area where tunnelling will take place. So, an extensive and thorough geotechnical investigation is conducted prior to the machine’s design and fabrication. “The tunnelling company accurately compiles soil sampling f..

Next Story
Real Estate

Kitchen Dynamics

Modular kitchen design trends lean towards sustainability, smart technology integration, minimalist aesthetics and multifunctional spaces, says Rajkumar Kumawat, Founder and Principal Architect, Rajkumar Architects.Noticeable designs“A shift towards warm minimalism, where clean lines are balanced with tactile finishes such as fluted wood, brushed metals and muted stone surfaces, is a noticeable trend,” says Harkaran Singh Boparai, Founder and Principal Architect, Harkaran Boparai Studio. “Also, matte lacquers in deep, earthy tones are replacing gloss finishes, bringing a s..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?