Incorporated by Mr. Bhadresh K. Shah as Ahmedabad Induction Alloys Private Limited

Commenced operations and started producing wear parts for cement and power plants

Commenced producing high chromium liners, level control diaphragms, and other diaphragms

Commissioned a new plant for mining liners and vertical mill parts

Incorporated Vega ME as a wholly owned subsidiary

Amalgamated Ahmedabad Induction Alloys Private Limited with our Company

Expanded capacity to 2,60,000 MTPA at the Moraiya facility

Commissioned Phase 1 of the Kerala GIDC, a greenfield facility near Ahmedabad for grinding media production

Installed capacity enhancement by 50,000 MTPA at Kerala’s GIDC plant; Installed 9 wind turbines of 2.1 MW each

• Added group captive hybrid project ( 3.3 MW Windmill + 1.80 MW solar) at Amreli District, Gujarat, taking the total renewable energy capacity to 37.38 MW
• Added 20,000 MT of casting capacity by debottlenecking at Odhav

Added two hybrid projects (2.1 MW windmill + 1.89 MWp solar) at Village Dedan, Gujarat, taking the total renewable energy capacity to 32.28 MW; Expanded capacity of 50,000 MT in Castings at the Kerala GIDC Facility

Obtained ISO 14001 certification for environmental management systems and OHSAS 18001 certification for health & safety management systems at our Moraiya and Kerala plants