New Delhi: Ramkrishna Forgings is gearing up to start commercial operations of its Chennai facility from June this year, a development that will mark the company's foray into forged wheel manufacturing business.
The company has been setting up the facility at an estimated cost of Rs 2,000 crore after receiving a Letter of Award (LOA) from the Indian Railways in 2023, Naresh Jalan, the Managing Director of Ramkrishna Forgings, said.
Kolkata-based Ramkrishna Forgings has posted a consolidated net profit of Rs 72 crore and income of Rs 4,251.19 crore in FY26.
Speaking further about the Chennai project, Jalan said it has been set up in a joint venture with a private entity, in which his company holds a majority stake.
He said the facility would be Asia's 2nd largest wheel manufacturing unit with an annual production capacity of 2,28,000 forged wheels.
The project has been executed in two phases - Phase I, costing Rs 1,810 crore and Phase II (Rs 370 crore) - through a combination of debt and equity, Jalan said.
Ramkrishna Forgings is a manufacturer and supplier of closed-die forgings of carbon and alloy steel, micro-alloy steel, and stainless steel forgings.
During the fourth quarter of FY26, the company secured new orders worth Rs 594 crore, of which 56 per cent of the orders were from the automotive segment and the remaining 44 per cent from the non-automotive segment.
As of March 31, the company's total orderbook was at Rs 9,635 crore to be executed over 4 years.
About the outlook, Jalan said, "FY27 is poised to be a strong year for the company. A healthy order book provides strong revenue visibility, while improving demand conditions, better operating leverage, continued diversification, and disciplined capital allocation position us well for continued long-term value creation for all stakeholders."
The company has been setting up the facility at an estimated cost of Rs 2,000 crore after receiving a Letter of Award (LOA) from the Indian Railways in 2023, Naresh Jalan, the Managing Director of Ramkrishna Forgings, said.
Kolkata-based Ramkrishna Forgings has posted a consolidated net profit of Rs 72 crore and income of Rs 4,251.19 crore in FY26.
Speaking further about the Chennai project, Jalan said it has been set up in a joint venture with a private entity, in which his company holds a majority stake.
He said the facility would be Asia's 2nd largest wheel manufacturing unit with an annual production capacity of 2,28,000 forged wheels.
The project has been executed in two phases - Phase I, costing Rs 1,810 crore and Phase II (Rs 370 crore) - through a combination of debt and equity, Jalan said.
Ramkrishna Forgings is a manufacturer and supplier of closed-die forgings of carbon and alloy steel, micro-alloy steel, and stainless steel forgings.
During the fourth quarter of FY26, the company secured new orders worth Rs 594 crore, of which 56 per cent of the orders were from the automotive segment and the remaining 44 per cent from the non-automotive segment.
As of March 31, the company's total orderbook was at Rs 9,635 crore to be executed over 4 years.
About the outlook, Jalan said, "FY27 is poised to be a strong year for the company. A healthy order book provides strong revenue visibility, while improving demand conditions, better operating leverage, continued diversification, and disciplined capital allocation position us well for continued long-term value creation for all stakeholders."
