Ludhiana based Vardhman Special Steels Limited (VSSL) is expanding its capacity to 2.3 Lakh MT by FY25 from current level of 2 Lakh MT at cost of Rs 300 crores, which will mainly be funded through equity infusion and internal accruals. This includes the cost of the land for the production unit.
“Vardhman Special Steels Limited (VSSL) has partnership with Aichi Steel Corp, a Japanese steelmaker and an affiliate of automaker Toyota Motor Corp is leading producer of special steel products in India especially for the automotive sector . The Joint project of Vardhman Special Steels and Aichi Steel will add to the job market too and give a boost to the steel industry in South Asia in the coming years.” Said Mr Sachit Jain , Vice Chairman and Managing Director Director , Vardhman Special Steel Limited (VSSL) while speaking at an interactive session ‘Leading from the heart’ organised by FICCI Ladies Organisation (FLO) in league with its Ludhiana chapter.
“The future leaders need to focus upon alignment that comes from communication. For the same, listen, communicate, involve, own and connect. This leads to learning and growing in an interesting way. Highly motivated teams are self-starters and risk takers. And according to Jain, “a healthy team will always deliver good results”. Said Mr Jain .
“VSSL is fully dedicated to delivering high-quality steel with critical grades essential for automotive applications, which aligns with the “Make in India” initiative. VSSL look ahead to the future with a bold vision of becoming a world class steel player in the automotive special steel segment. VSSL is confident that the strategic alliance with Aichi and its dedication to quality and customer satisfaction will enable it to establish a prominent position in the global market.”’ Added Mr Jain.
“Embracing a heart-centered approach to business lies in your ability to stop, go inward, and reflect on the course of action that you know is the right one, rather than succumbing to external pressures. FLO, since its inception in 1983, has been a centre of inspiration for women across the nation. With a singular mission to promote entrepreneurship and nurture professional excellence, FLO has transformed dreams into tangible achievements. “ said Ms Sudha Shivkumar, President, National President, FICCI Ladies Organisation while speaking on the occasion.
Those present on the occasion included Ms Ankita Gupta, Chairperson FLO Ludhiana Chapter.and Ms Anamika Ghai, Vice Chairperson, FLO Ludhiana.