The company advances circular economy initiatives, ramps up rolling capacity, and boosts renewable investments to support sustainable long-term growth plans.

Jan 21, 2026

Vardhman Special Steels Limited announced key sustainability and capacity expansion initiatives as part of its long-term growth strategy. The company launched a closed-loop steel recycling programme with Maruti Suzuki in October, marking a major milestone in its green steel roadmap and commitment to the circular economy.

Work on its new reheating furnace is progressing as planned and is scheduled for commissioning by March 2026. This will increase the company’s rolling capacity to 270,000 tonnes.

During the quarter, Vardhman invested an additional INR 1.13 crore in Sone Solar Private Limited, taking its total investment to INR 12.46 crore while maintaining a 26% stake. The company expects this to reduce power costs and support margins over the long term.

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Commenting on the results, Mr Sachit Jain, Chairman & Managing Director, said the company remains focused on strengthening operational efficiencies, expanding capacity, and driving sustainable and profitable growth with a minimal carbon footprint.