Thermomechanical treatment (TMT) is the simultaneous use of work hardening, and grain refinement along with solid solution and precipitation strengthening. In this investigation, four alloys, with a base composition of 0 . 28%C, 1 . 0%Mn, 4 . 2%Cr, 1 . 0%Mo, 0 . 34%V, were prepared by electroslag refining (ESR) and by addition of small amounts of Ti and Nb and by increasing Cr and V to 4 . 8 and 0 . 48% respectively. In two of the alloys a yield strength in excess of 1550 MPa was obtained in the as cast quenched and tempered condition. Attempts were made to further increase the yield strength by thermomechanical treatment. The process parameters for thermomechanical treatment were optimised by adopting procedures such as calculation of stability of precipitates, hot compression test, determination of cooling rates in different coolants, and modelling of TTT and CCT diagrams. The process involved prerolling of the ESR ingot to a bar at 1200uC, followed by hot rolling in two passes starting from 950uC and finishing at 850uC with equal deformation of 25% in each pass to convert the bar into plates. These were immediately cooled in one of the cooling media: air, polymer-water solution (1 : 1 . 5) and oil. Yield strength in excess of 1750 MPa was obtained in oil cooled specimens of the alloy with titanium addition and that where Cr and V were increased. The niobium added specimen gave strengths, similar to that obtained for the base alloy, in spite of the fact that the as cast alloy had shown very high strengths, presumably because of the high soaking temperatures and grain growth. Air cooling gave the lowest strengths and oil cooling the highest.