Garg Furnace Limited

11/09/2024

https://business-news-today.com/garg-furnace-limited-to-acquire-major-stake-in-vaneera-industries-targeting-growth-in-alloy-steel-and-fasteners-markets/

Garg Furnace Limited, listed on the Bombay Stock Exchange, announced on September 7, 2024, that it would acquire a majority stake in Vaneera Industries Private Limited. This decision, aimed at

11/09/2024

# # # Mission
To produce high-quality steel products efficiently and sustainably, leveraging advanced technologies and innovative processes, while prioritizing safety, environmental responsibility, and the well-being of our employees and communities.

# # # Vision
To be a global leader in the steel industry, renowned for our commitment to excellence, sustainability, and continuous improvement, driving growth and value for our stakeholders and contributing to a sustainable future.

11/09/2024

https://hindi.moneycontrol.com/news/markets/garg-furnace-share-price-acquires-51-percent-stake-in-vanira-industries-150-percent-return-in-1-year-1924031.html

11/09/2024

https://www.cnbctv18.com/market/garg-furnace-acquires-51-pc-stake-vanira-industries-182-pc-returns-shares-price-19472649.htm

11/09/2024

Garg Furnace Limited to acquire major stake in Vaneera Industries, targeting growth in alloy steel and fasteners markets.

Garg Furnace Limited revealed its plan to acquire at least a 51% equity stake in Vaneera Industries Private Limited, making it a subsidiary. This acquisition is part of a larger strategy to diversify and grow in sectors with high-profit margins. The aim is to expand its business into the alloy steel, screws, and fasteners sectors.

Chairman Devinder Garg stated that this move will help the company grow its presence in these industries.

New Focus on Alloy Steel and Fasteners

Vaneera Industries is setting up a state-of-the-art manufacturing facility for alloy steel production, utilizing advanced techniques such as Electromagnetic Stirring (EMS), Ladle Refining Furnace (LRF), and Vacuum Degasser (VD). This facility, with a planned capacity of 204,000 MT per annum, will cater to specialized industries like automotive and engineering.

The company shared that Vaneera Industries has received environmental clearance from the Central Pollution Control Board to establish manufacturing facilities for two key products: alloy steel ingots, bars, rounds, and self-drilling screws.

Production of self-drilling screws is set to start in November 2024, with a gradual increase in capacity.

The alloy steel production facility will begin operations after June 2026.

https://www.cnbctv18.com/market/garg-furnace-acquires-51-pc-stake-vanira-industries-182-pc-returns-shares-price-19472649.htm

04/09/2024

Our forte
Products meeting national as well international standards of quality.
Highly focused research and development
Latest engineering technology
Timely delivery
Prompt and efficient services (After sales services)
Competitive pricing
Customized products

04/09/2024

Our Vision
To achieve leadership in steel making by accessing global clients.
To deliver products and services of uncompromising quality and integrity.
To promptly respond to the needs stakeholders and honor their individual value.
To work with team spirit that fuels the growth of the company.

31/08/2024

🌟 Welcome to Garg Furnace Limited! 🌟

At Garg Furnace Limited, we're not just about steel – we're about crafting a future. 🚀

With a steadfast commitment to quality, innovation, and sustainability, we're proud to be part of India's manufacturing legacy and the Make In India movement. 💪

Our journey is fueled by a relentless vision to grow, innovate, and lead in the steel industry. From our state-of-the-art furnace and rolling mill to pioneering self-drilling screws, we're shaping the landscape of tomorrow's construction and infrastructure.

Join us on this exciting journey! Follow our LinkedIn page for insights, updates, and opportunities to collaborate as we forge ahead into the future. 🌐 hashtag hashtag hashtag hashtag

31/08/2024

*Welcome to Garg Furnace Limited*

We are delighted to welcome you to Garg Furnace Limited. For over four decades, under our motto “Rooted in Tradition, Forging the Future,” we have produced high-quality alloy and non-alloy rounds, bars, and other steel products that drive India's growth in the railway, defense, and capital goods sectors.

Since 1973,our company has been a cornerstone of the Indian steel industry, contributing to the nation’s journey toward "AtmaNirbhar Bharat." We look forward to a successful and prosperous future together.

Thank you for joining us on this exciting journey.

Warm regards,
The Garg Furnace Limited Team