Vardhman Special Steels provides business update

To undertake expansion of Billet capacity

Vardhman Special Steels announced that the Company has decided to undertake expansion activities as follows:

1. Proposed Expansion: To increase existing Billet Capacity

2. Existing Billet Capacity: 125,000 MT

3. Existing Capacity Utilization: 100%

4. Proposed Capacity Addition: From existing to 165,000 MT

5. Period within which proposed capacity is to be added: 1 year (by the year 2016-17)

6. Period within which proposed capacity is expected to be fully utilized: 3 years.

7. Investment Required: Rs. 37 crore

8. Mode of financing: Term Loan/ Internal accruals

9. Rationale: To meet higher demand from customers, increase in productivity and optimum utilization of new rolling mill.

Powered by Capital Market - Live News