VARDHMAN SPECIAL STEELS LTD.
NSE : VSSLBSE : 534392ISIN
CODE : INE050M01012Industry : Steel & Iron ProductsHouse
: Vardhman
BSE287.65-9.2 (-3.1 % )
PREV CLOSE (Rs.) 296.85
OPEN PRICE (Rs.) 302.70
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 32454
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE284.75 -11.8 (-3.98 % )
PREV CLOSE(Rs.) 296.55
OPEN PRICE (Rs.) 297.35
BID PRICE (QTY) 284.75 (2735 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 261647
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 02-May-2024 | Vardhman Special Steels' board approves capex of Rs 33 crore | <p style="text-align: justify;">Vardhman Special Steels' board approved Capital expenditures (capex) amounting to Rs 33 crore (approximate) for meeting the future incremental demand from the existing customers. The company plans to increase the capacity, especially the Steel Melting Shop by debottlenecking some of the processes, saving in change over time by doing some automations, strengthening R&D and investment in Environment protection. The proposed capacity is to be added by March 31, 2026. The Board of Directors of the Company in its meeting held on May 1, 2024 has approved the same. <span style="white-space:pre"> </span></p><p style="text-align: justify;">Vardhman Special Steels, incorporated in 2010, is part of the Vardhman group. It has its operating unit in Ludhiana, Punjab, which manufactures hot rolled bars and caters to the diverse requirements of various end-user segments such as engineering, automotive, tractor, bearing and allied industries. </p><div style="text-align: justify;"><br></div> |
| 02-May-2024 | TVS Motor Company, Maruti Suzuki and Ester Industries to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">TVS Motor Company </span>has registered a 25 per cent growth in sales in April 2024, having sold 3,83,615 units this year compared to 3,06,224 units during the same month last year. Sales of total two-wheelers made in April this year went up by 27 per cent to 3,74,592 units, from 2,94,786 units sold in April 2023. Sales of two-wheelers in the domestic market also grew by 29 per cent to 3,01,449 units in April this year compared to 2,32,956 units sales made in same month of last year.</p><p style="text-align: justify;"><span style="font-weight: bold;">Maruti Suzuki India</span> has reported a 4.7 per cent increase in total sales at 1,68,089 units in April 2024. The company had dispatched a total of 1,60,529 units to its dealers in the same month last year. Total domestic passenger vehicle sales were 1,37,952 units compared to 1,37,320 units in the year-ago period. Sales of mini segment cars, comprising Alto and S-Presso, declined to 11,519 units as against 14,110 units in April 2023.</p><p style="text-align: justify;"><span style="font-weight: bold;">Ester Industries</span> has entered into a Joint Venture Agreement (JV Agreement) with Loop Industries Inc. (Loop), a Company under the laws of State of Nevada with principal office at Quebec, Canada, to incorporate a Joint Venture Company in India for the purpose of engaging in the business of manufacture of DMT and/or MEG through depolymerisation of PET and/or Polyester waste using patented Loop technology. </p><p style="text-align: justify;"><span style="font-weight: bold;">Hero MotoCorp</span> has sold 533,585 units of motorcycles and scooters in April 2024. This translates into a robust 34.7% growth over the corresponding month (April 2023), when it had sold 3.96 lakh units and a sequential growth of 9% over the previous month's (March 2024) sales of 490,415. The volume growth in the month of April highlights the company's sales trend, especially in the 125cc and 400+cc segments. The Xtreme 125R is witnessing a strong pull across the country and the company is swiftly ramping-up supplies to ensure smooth deliveries.</p><p style="text-align: justify;"><span style="font-weight: bold;">Vardhman Special Steels'</span> board approved Capex amounting to Rs 33 crore (approximate) for meeting the future incremental demand from the existing customers. The company plans to increase the capacity, especially the Steel Melting Shop by debottlenecking some of the processes, saving in change over time by doing some automations, strengthening R&D and investment in Environment protection. The Board of Directors of the Company in its meeting held on May 1, 2024 has approved the same. <span style="white-space:pre"> </span></p><p style="text-align: justify;"><span style="font-weight: bold;">Sonata Software's</span> 100% subsidiary -- Sonata Information Technology India has entered into a partnership with Denodo, a leader in data management, to provide Indian enterprises with advanced logical data fabric and data mesh capabilities. As part of the engagement, customers will have seamless access to cutting-edge solutions that will enable them to unlock greater value from their distributed data sets, streamline operations, and enhance decision-making.</p><p style="text-align: justify;"><span style="font-weight: bold;">Vishwaraj Sugar Industries</span> has received approval to raise funds through issuance of equity shares of the Company (Equity Shares) by way of Qualified Institutions Placement (QIP) in accordance with the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended from time to time and other applicable Laws, in one or more of the tranches for an aggregate amount not exceeding Rs 99 crore, for cash and at such premium/discount, as applicable, subject to such approvals as may be required, including the approval of the Shareholders and further subject to such other statutory/regulatory/other approvals, as applicable. </p> |
| 02-May-2024 | Vardhman Special Steels informs about newspaper publication | <div style="text-align: justify;">Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Vardhman Special Steels has enclosed copy of newspaper publication of Financial Results for the quarter/ year ended 31t March, 2024 published in ‘Desh Sewak' and ‘Business Standard' on May 02, 2024.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;"> </div><div style="text-align: justify;"><br></div> |
| 02-May-2024 | Vardhman Special Steels shines as its board approves capex of Rs 33 crore | <p style="text-align: justify;">Vardhman Special Steels is currently trading at Rs. 310.60, up by 14.80 points or 5.00% from its previous closing of Rs. 295.80 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 300.90 and has touched a high and low of Rs. 328.50 and Rs. 300.60 respectively. So far 15169 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 328.50 on 2-May-2024 and a 52 week low of Rs. 171.00 on 21-Jul-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 328.50 and Rs. 266.50 respectively. The current market cap of the company is Rs. 2409.58 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 60.56%, while Institutions and Non-Institutions held 3.12% and 36.32% respectively.</p><p style="text-align: justify;">Vardhman Special Steels' board approved Capital expenditures (capex) amounting to Rs 33 crore (approximate) for meeting the future incremental demand from the existing customers. The company plans to increase the capacity, especially the Steel Melting Shop by debottlenecking some of the processes, saving in change over time by doing some automations, strengthening R&D and investment in Environment protection. The proposed capacity is to be added by March 31, 2026. The Board of Directors of the Company in its meeting held on May 1, 2024 has approved the same. <span style="white-space:pre"> </span></p><p style="text-align: justify;">Vardhman Special Steels, incorporated in 2010, is part of the Vardhman group. It has its operating unit in Ludhiana, Punjab, which manufactures hot rolled bars and caters to the diverse requirements of various end-user segments such as engineering, automotive, tractor, bearing and allied industries.</p><div style="text-align: justify;"><br></div> |
| 23-Apr-2024 | Vardhman Special Steels informs about board meeting | <p style="text-align: justify;">Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Vardhman Special Steels has informed that a meeting of the Board of Directors of the Company has been scheduled to be held on Wednesday, 1st May, 2024: To consider and approve the Audited Financial Results of the Company for the Financial Year ended 31 March, 2024 and to recommend Dividend, if any, for the Financial Year 2023-24.</p><p style="text-align: justify;"><span style="text-align: left;">The above information is a part of company's filings submitted to BSE.</span></p> |
| 19-Mar-2024 | Vardhman Special Steels informs about investors meet | <p style="text-align: justify;">Pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘the Listing Regulations') read with Part A of Schedule 11l of the Listing Regulations, Vardhman Special Steels has informed that the Management of the Company will participate virtually in the Bharat Connect Conference on 26th March, 2024 organized by Arihant Capital. No Unpublished Price Sensitive Information will be shared during the meeting. </p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE. </p> |
| 03-Jan-2024 | Vardhman Special Steels informs about allotment of equity shares | <div style="text-align: justify;">Vardhman Special Steels has informed that the Committee of Directors (ESOP Plan) of the Company, in its meeting held on January 03, 2024, has allotted 1,51,250 Equity shares of face value of Rs 10 each (including 75,625 Bonus shares on the ESOP shares in the ratio of 1:1) to the eligible employees of the Company who has exercised their stock options under ‘Vardhman Special Steels Limited Employee Stock Option Plan, 2016' and ‘Vardhman Special Steels Limited Employee Stock Option Plan, 2020'. These shares shall rank pari passu with the existing equity shares of the Company in all respects. The meeting commenced at 11:00 am and concluded at 11:30 am.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 08-Dec-2023 | Vardhman Special Steels informs about demat of shares | <p style="text-align: justify;">Pursuant to the provisions of Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, Vardhman Special Steels has informed that it attached necessary certificate giving particulars of shares i.e. Distinctive No(s), Certificate No(s), No. of shares etc. dematerialized during the month of November, 2023.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 16-Nov-2023 | Vardhman Special Steels informs about analyst meet | <div style="text-align: justify;">Vardhman Special Steels has informed that the Company will be participating in the India Conference 2023, an Investor Conference, organized by JM Financial, scheduled to be held on 22nd November, 2023 at Mumbai.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 21-Sep-2023 | Vardhman Special Steels informs about loss of share certificate | <p style="text-align: justify;">Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Vardhman Special Steels has informed that the shareholders, Satya Prakash Gupta J/A Rakesh Kumar Gupta (Folio No: 3733) have reported to the Company about loss of share certificate and have requested for the issue of Duplicate Share Certificate in lieu thereof. The company is in the process of issuing letter of confirmation in lieu of duplicate share certificate to them after completion of required formalities. The Distinctive Nos, No. of Shares etc are enclosed. </p><div>The above information is a part of company's filings submitted to BSE. </div><div><br></div> |
