Announced Mon, 27 Jul, 2026 · 17:27 IST
VSSL lays foundation stone for Rs 1,116 cr forging unit with Aichi Steel
VSSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.7%1-day move
₹297.95
prior close
₹298.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.7+0.0-0.7+2.7+0.7+2.2+1.9+2.7+11.7+20.8+17.1+37.9—
Up moveDown movePending
AI summary
Vardhman Special Steels (VSSL) held foundation stone laying for its new forging unit at Ludhiana, graced by Punjab CM Bhagwant Singh Mann. The project involves Rs 1,116 crore investment across two phases with Japan's Aichi Steel Corporation. Phase 1 forging line targets commissioning by March 2028. Will produce Ring Gears and precision-forged auto components for OEMs in India, Europe, ASEAN, Africa and Mexico, creating 300 plus direct jobs.
Likely market impact
Major capex signals push into higher-value auto components; long-term positive but commissioning only by March 2028.