Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The Indian Environment Ministry has granted environmental clearance to Vardhman Special Steels Limited (VSSL) to raise its annual production capacity to 280,000mt, according to media reports.


The present annual capacity for the company is 200,000mt.


With the enhanced capacity, VSSL aims to cater to high-grade automotive steel with funding from Aichi Steel Corporation. The company is also in talks with OEMs for a price increase.



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