Kalyani Steels Limited, a leading producer of engineering-grade special steels, has announced the appointment of Mr. Amit Kalyani as Chairman, effective from October 29, 2026. This marks a significant leadership transition from Dr. Babasaheb Kalyani, who has chaired the company since its inception. Amit Kalyani, Vice Chairman and Joint Managing Director of Bharat Forge Ltd., will lead the company into its next phase of growth, focusing on green steel, advanced materials, and global markets.

Leadership Transition

“Kalyani Steels was built to meet the most exacting standards from day one, and that culture of precision is our greatest strength,” said Amit Kalyani, Chairman (Designate), Kalyani Steels Ltd. “As India’s manufacturing ambitions demand materials that are greener, smarter and world-class, we will accelerate our journey in green steel, advanced materials and digitalised operations, deepen our presence in strategic sectors and global markets, and set new benchmarks for the Indian steel industry.”

Vision for the Future

Dr. Babasaheb Kalyani remarked, “Institutions endure when leadership evolves with the times. Amit’s active engagement has made a significant impact on the Company’s growth strategy, and I am confident that under his leadership Kalyani Steels will build on its foundations and set new benchmarks for the industry.” Amit Kalyani will continue to drive the company’s growth strategy, leveraging his extensive experience in the Kalyani Group’s businesses.

As the company transitions into a new leadership era, it is poised to expand its footprint in green steel and advanced materials, aligning with India’s manufacturing goals and global market demands.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Kalyani Steels Limited

Kalyani Steels Limited belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.

Kalyani posts a 2.3% three-month gain, but softens in the last few weeks. The PEG of 1.00 signals undervaluation relative to growth. It is a potential re-rating candidate. Revenue contracts at -1.1% CAGR. That signals structural headwinds, not a short-term blip. Buyers show up with 2.0x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The stock rises 2.3% in three months on -1.1% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Kalyani Steels Limited.

Vardhman Special Steels Limited (VSSL) has announced its unaudited financial results for the half year ended 30th September, 2026, showing significant growth across key metrics. The company’s revenue from operations reached Rs. 1,086.06 crore, up 25.41% year-on-year (YoY), driven by a 16.7% increase in sales volumes to 1,29,704 MT. The EBITDA surged 58.80% YoY to Rs. 152.15 crore, and the PAT jumped 72.02% to Rs. 93.68 crore.

Strong Performance in Sales and Profitability

The robust performance was attributed to higher production, increased demand, and improved realizations. The EBITDA per ton stood at Rs. 11,053 on rolled sales, reflecting efficient cost management and operational leverage. The company’s focus on cost optimization and operational efficiencies, along with the benefits from lower-cost raw material inventory and capex on the Kocks Block and reheating furnace, contributed to the impressive results.

Looking Ahead

Mr. Sachit Jain, Chairman & Managing Director, highlighted the company’s commitment to operational excellence, innovation, and sustainability. He emphasized the importance of the upcoming forging facility in Ludhiana, which marks a significant step towards forward integration and higher-value forged components. Looking forward, VSSL aims to strengthen its core operations, progress with its greenfield special steel facility, and expand its value-added product portfolio.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Vardhman Special Steels Limited

Vardhman Special Steels Limited belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.

Vardhman holds in the upper half of its 52-week range, a sign the market backs the stock. Thin margins at 7.9% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The PEG of 2.97 makes it expensive versus peers. The premium needs earnings to catch up quickly. The stock trades at 76% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The stock rises 5.2% in three months on 0.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Vardhman Special Steels Limited.

Mishra Dhatu Nigam Limited (MIDHANI) has taken a significant step towards promoting resource recovery and sustainable manufacturing by signing a Memorandum of Understanding (MoU) with the Heavy Water Board (HWB) and the Bhabha Atomic Research Centre (BARC). This collaboration aims to recover nickel and cobalt from plant reverts, leveraging the expertise of all three organizations.

Strategic Partnership

The MoU establishes a framework for cooperation among MIDHANI, HWB, and BARC to explore and implement efficient processes for recovering valuable metals from plant reverts. This initiative seeks to maximize resource utilization, reduce dependence on primary mineral resources, and promote environmentally responsible metal production.

Critical Metals Recovery

Cobalt and nickel are critical metals widely used in advanced battery technologies, electric vehicles, stainless steels, superalloys, and other strategic industrial applications. By recovering these metals from plant reverts, the collaboration aims to strengthen domestic supply chains, improve resource efficiency, and support the growing demand for critical metals.

Speaking on the occasion, Dr. S V S Narayana Murty, Chairman & Managing Director, MIDHANI, said, “The signing of this MoU marks an important milestone in our efforts to promote the recovery of critical metals from secondary resources. Through this collaboration, we aim to combine our strengths and develop viable, sustainable, and commercially competitive solutions for the production of cobalt and nickel from plant reverts.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Mishra Dhatu Nigam Limited

Mishra Dhatu Nigam Limited belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.

Mishra holds in the upper half of its 52-week range, a sign the market backs the stock. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. Revenue contracts at 11.6% CAGR. That signals structural headwinds, not a short-term blip. The stock trades at 71% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The stock rises 2.9% in three months on 11.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Mishra Dhatu Nigam Limited.