Vardhman Special Steels to invest Rs 475 crore for new steel forgings capacity in Ludhiana

Vardhman Special Steels plans to invest Rs 475 crore in new steel forgings capacity at Ludhiana, deepening its position in value-added products. Forgings serve automotive and engineering demand, and fresh capacity of this kind signals confidence in that order pipeline extending well beyond the current cycle. For the input side of the market, more special-steel output translates into steady incremental demand for the alloys and ferro alloys that go into these grades — the quiet, consistent offtake that alloy producers prize over spot-market spikes.