# 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.

- Type: Investment
- Announced: 2025-01-06
- Where: India
- Status: announced
- Products: heavy forged and machined components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Happy Forgings Ltd](https://endata.com/companies/71037.md)

## Sources

- [cnbctv18.com](https://www.cnbctv18.com/market/happy-forgings-gains-over-5-on-board-nod-to-capex-of-650-crore-to-set-up-new-units-19535036.htm), 2025-01-06: "The forgings company will invest the amount in setting up advanced forging capabilities for heavy weight components that weigh up to 3,000 kilograms."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.