Vardhman Special Steels Limited has informed the Exchange regarding a press release dated Jun 03, 2025, titled "Media/ Press Release dated 03.06.2025".
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Vardhman Special Steels Limited (VSSL) announced that Japan's Aichi Steel Corporation will increase its equity stake from 11.33% to 24.90% through a preferential allotment. Aichi Steel will invest Rs. 384.90 crore to subscribe to 1.47 crore fully paid-up equity shares at Rs. 260.60 per share (face value Rs. 10). The partnership aims to set up a green steel manufacturing plant with 5 lakh tonnes per annum capacity and an estimated Rs. 2,000 crore capex, targeting the automotive and engineering sectors. The deal brings advanced Japanese steel-making technology and processes to India, supporting domestic and ASEAN markets. This marks a deepening of the Indo-Japanese industrial collaboration and reinforces India's position as a hub for high-grade, environmentally responsible steel production.
Positive for shareholders — a marquee Japanese strategic investor is significantly increasing its stake, which validates the business and brings in both capital and advanced technical expertise. Existing shareholders will see dilution from the new share issuance, but the long-term growth potential from the green steel expansion and stronger Indo-Japanese ties should support the investment story.