Vardhman Special Steels is currently trading at Rs. 219.50, up by 6.45 points or 3.03% from its previous closing of Rs. 213.05 on the BSE.
The scrip opened at Rs. 210.00 and has touched a high and low of Rs. 223.30 and Rs. 210.00 respectively. So far 10958 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 236.00 on 16-Jun-2021 and a 52 week low of Rs. 54.55 on 04-Aug-2020.
Last one week high and low of the scrip stood at Rs. 227.95 and Rs. 196.55 respectively. The current market cap of the company is Rs. 863.00 crore.
The promoters holding in the company stood at 60.73%, while Institutions and Non-Institutions held 6.86% and 32.42% respectively.
Vardhman Special Steels (VSSL) has been granted the long-awaited Environmental Clearance for expansion of capacity at its existing plant in Ludhiana, upto 2,80,000 tons per annum of rolled production. The company applied for the said approval in CY 2019 and since then has been making continuous and untiring efforts and pitching its case before the concerned authorities for the grant of environment clearance.
The company has all the mechanisms in place that will take proper care of the concerns related to environment. Its commitment towards creating a sustainable environment is among the top priority. With this approval the path for enhancement of capacity is cleared. To begin with, the current rolling capacity of 200,000 tons per annum would be increased to 250,000 tons. This would also enable the company to fill up the enhanced capacities with the requirements of Aichi, partners of VSSL. Once this happens the Management is confident of achieving higher profitability.
Vardhman Special Steels caters to diverse requirements of hot-rolled bars (steel bars and bright bars) for Engineering, Automotive, Tractor, Bearing and Allied Industries.
| Company Name | CMP |
|---|---|
| Tata Steel | 142.80 |
| JSW Steel | 976.80 |
| SAIL | 112.70 |
| Jindal Stainless | 671.75 |
| Jindal Saw | 296.70 |
| View more.. | |
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