Happy Forgings approves ₹650 crore capex for new heavy forging facilities

Happy Forgings' Board of Directors approved a capital expenditure of approximately ₹650 crore to set up facilities for heavy weight forged and machined components up to 3,000 kg, targeting non-automotive sectors like power generation, marine, mining, and wind energy. Investment will be made over 2-3 years.

“The forgings company will invest the amount in setting up advanced forging capabilities for heavy weight components that weigh up to 3,000 kilograms.”cnbctv18.com

• 1 source
• cnbctv18.comHappy Forgings surges over 5% on capex plans of ₹650 crore to set up new units - CNBC TV18CNBCTV18.comJan 6, 2025

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