Ramkrishna Forgings’ shares jumped 3% on March 28 after the company commenced commercial production of the NATIONAL 5” UPSETTER and DEFRIS 2½” UPSETTER at its Mouza Dugni facility in Saraikella, Kharswan. The expansion, effective from March 27, 2025, adds 14,250 metric tonnes (MT) to its annual production capacity.
With this addition, the company’s total Hot & Warm Forgings capacity has increased to 2,43,400 MT, while Cold Forgings capacity remains at 25,000 MT. Before the expansion, the company had a Hot & Warm Forgings capacity of 2,29,150 MT, with an 87.22% utilization rate as of December 31, 2024.
The ₹40.85 crore investment, financed through a mix of equity and debt, is part of Ramkrishna Forgings’ long-term growth strategy. This expansion is expected to meet rising customer demand, further strengthening its position in the forgings sector.
Ramkrishna Forgings shares opened at ₹784.95 on Friday, reaching a high of ₹806.30 and a low of ₹784.00. The stock remains volatile, trading significantly below its 52-week high of ₹1,064.05 but above its 52-week low of ₹604.20.
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