Ramkrishna Forgings, a leading supplier of rolled, forged and machined products has announced that it has received board approval for setting up an Aluminium Forging Facility at Jamshedpur.
The Board of Directors have also given approval for an investment of Rs 57.5 crore to set up the facility, which will primarily cater to the EV market. The project will be set up with a 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 crore per annum for the company.
Commenting on the development, Naresh Jalan, Managing Director of Ramkrishna Forgings 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 on developing 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”.
