varun industries ltd (VRN) Details

Varun Industries Limited, a conglomerate company, engages in mines and minerals, oil and natural gas, stainless steelware, wind power energy, gems and jewellery, and commodity trading businesses. It manufactures, sells, and exports approximately a range of 1,800 stainless steel kitchenware, cookware, houseware, gifts, and other items. The company also engages in steel manufacturing; the production of pig iron; mining of iron ore; re-rolling of steel; and the manufacture of steel flats, angles, and rods. In addition, it provides exploration, drilling, well construction, field development, rig management, production, transport, and allied services, as well as rig drilling and integrated work over services, including charter, hiring of drilling rigs, and their maintenance to private and public oil and natural gas companies. The company is involved in wind power generation through a wind turbine with total of 9.95 mega watt capacity in Jaisalmer, Rajasthan, and 4 mega watt capacity in Tirunelveli, Tamilnadu in India. Further, it engages in the gems and jewellery business consisting of buying finished products and exporting internationally; and exploration, exploitation, and distribution of hydrocarbon liquids from the St Marie offshore gas block comprising approximately 13,200 square kilometers and onshore block 3101 comprising an area of 6,884 square kilometers in Madagascar. Additionally, the company holds 1,111 blocks covering a total area of 6,950 square kilometers containing uranium, thorium, and gold deposits. It also focuses on the import, export, and trading of commodities, specializing in metals, coal, minerals, fertilizers, chemicals, spices, cocoa, vanilla beans, pulses, and other agri products. The company was formerly known as Varun Continental Limited and changed its name to Varun Industries Limited in April 2005. Varun Industries Limited was founded in 1989 and is based in Mumbai, India.

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