Ramkrishna Forgings Limited approves investment in Aluminium Forging Project

Ramkrishna Forgings Limited ("the Company"), one of the leading suppliers of rolled, forged and machined products is delighted to announce that it has received board approval for setting up an Aluminium Forging Facility at Jamshedpur.

The Board of Directors have also given an approval for an investment of Rs 57.5 Crores to set up the facility, which will primarily cater to EV Market. The project will be set up with total installed capacity of 3,000 MT per annum and is expected to be commissioned by Q2 FY26. At the optimum capacity the project will generate additional revenue of Rs. 175 Crores per annum for the Company.

In its endeavour to get in light weighting to improve the performance, fuel efficiency and reduce environmental impact of a vehicle, the Company has decided to enter into Aluminium Forging.

Commenting on the development, Mr. Naresh Jalan, Managing Director of Ramkrishna Forgings Ltd. said, "In yet another step towards accelerating the transition to sustainable transportation, we are proud to announce our upcoming Aluminum Forging Project, which will increase our footprint in the EV market in a big way. With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, the company's innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited to evolving aspirations of the market and the customers.

These developments underscore our commitment to expanding our global footprint, diversifying our business portfolio, and delivering sustainable growth. We are confident that these strategic initiatives will position us for continued success and create long-term value for our stakeholders".

Source : Equity Bulls

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