Ramkrishna Forgings Limited is set to diversify into the forged wheel manufacturing sector with plans to establish a new production facility in Chennai. The company disclosed that the plant will have an annual production capacity of 2,28,000 forged wheels.
Managing Director Naresh Jalan, in a recent interaction with PTI, stated that the total investment for the project is estimated at Rs 2,000 crore. The funding will come through a combination of debt and equity.
Production is scheduled to begin in FY27 with an initial output of 40,000 wheels. The company aims to ramp up capacity to 1,00,000 wheels by FY28 as part of its phased expansion plan.
Jalan emphasized the strategic significance of the project, stating that the new vertical could generate multi-crore annual revenues, potentially making it one of the company’s major growth drivers in the coming years.
This expansion marks a key milestone in Ramkrishna Forgings’ diversification strategy, as it moves beyond its traditional automotive component business to tap into the growing demand for forged wheels.
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