Forbes Precision to Invest ₹60 Cr in Steel Tap Capacity Expansion

Forbes Precision Tools and Machine Parts Ltd announced that its Board of Directors has approved a capital expenditure of approximately ₹60 crore for expanding its manufacturing capacity in Steel Taps. The company plans to add 10 Lakh units per annum, with the expansion expected to be completed within 1 to 1.5 years. This investment aims to meet anticipated demand and broaden the company's product offerings. The financing will be a combination of internal accruals and debt. The Board also approved the unaudited financial results for the quarter and half-year ended September 30, 2026.