Garg Furnace Subsidiary Commissions 100,000 MT Alloy Steel Facility

Vaneera Industries, Garg Furnace’s 51%-owned subsidiary, commissioned Phase-1 alloy steel forgeable billets operations on 21 August 2026, adding 100,000 MT annual capacity versus 204,000 MT fully built out; management targets 5–10% lower pricing than EF-quality billets and higher-value OEM markets. Context: this resolves the pending Phase-1 commissioning milestone.