Vardhman Special Steels to invest ₹475 crore in new forging facility

Vardhman Special Steels Limited (VSSL) announced a ₹475 crore investment to establish a new steel forging and machining manufacturing facility in Ludhiana, Punjab. This expansion, approved on December 23, 2025, marks the company's entry into value-added automotive components, leveraging technical know-how from Aichi Steel Corporation. The new unit represents a strategic forward integration of VSSL's existing steelmaking operations.

This investment aims to strengthen VSSL's position in the automotive supply chain by expanding its product portfolio and increasing participation in critical automotive components. The facility will enable the company to offer a comprehensive solution to automotive OEMs, from steel production to forged components, ensuring higher quality consistency and improved supply reliability.

Sachit Jain, chairman & managing director, highlighted that the move into steel forgings is a natural progression, strengthening VSSL’s value proposition and accelerating growth in higher value-added segments. VSSL, incorporated in May 2010, is a leading producer of special steels for diverse automotive, engineering, tractor, bearing, and allied industries.