Forbes Precision Tools Approves ₹60 Cr Capacity Expansion

Forbes Precision Tools and Machine Parts Ltd announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors also approved a capital expenditure of approximately ₹60 crore to expand manufacturing capacity for Steel Taps. The expansion aims to add 10 lakh units per annum over 1 to 1.5 years, financed by internal accruals and debt, to meet anticipated demand and broaden product offerings. The company's existing capacity is approximately 36 lakh units per annum, with utilization between 80-92%.