Company Update - Vardhman Special Steel - ICICI Direct

Vardhman Special Steel (VSSL) has recently been granted the environmental clearance (EC) for expansion of capacity at its existing plant in Ludhiana, to up to 280000 tonnes per annum of rolled production. The company applied for the said approval in CY19. With this approval, the path for enhancement of capacity has been cleared. To begin with, the current rolling capacity of 200000 tonnes per annum would be increased to 250000 tonnes per annum. Total capex for the plan is expected to be ~Rs. 250 crore.

For details, click on the link below: Link to the report

Shares of VARDHMAN SPECIAL STEELS LTD. was last trading in BSE at Rs.257.65 as compared to the previous close of Rs. 245.3. The total number of shares traded during the day was 69581 in over 1856 trades.

The stock hit an intraday high of Rs. 262.45 and intraday low of 246. The net turnover during the day was Rs. 17928754.

Source : Equity Bulls

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