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Vardhman Special Steel soars 9% on starting production for Toyoto Group Co

The company said sales of these products for FY2023- 24 will be 10,000 MT approx and further increase with receipt of more approvals in next 2-3 years.

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SI Reporter Mumbai
Shares of Vardhman Special Steel (VSSL) hit a record high of Rs 374.90 as they rallied 9 per cent on the BSE in Wednesday’s intra-day trade after the company said it started mass production of steel for forging companies of Aichi Steel Corporation (ASC) based in South East Asia for some grades that the company had received approvals.

The stock of iron & steel products company surpassed its previous high of Rs 359.65, touched on February 17, 2023. In comparison, the S&P BSE Sensex was down 0.37 per cent at 59,999 at 11:55 AM.

VSSL said the sales