Deals2 May 2024, 10:13 pm
Happy Forgings Ltd bags Rs. 50 Cr annual order for Electric SUV components in US market
AI Summary
Happy Forgings Ltd has announced the receipt of an order from an international entity to supply machined Axle Seats and Knuckles for Electric SUVs in the US market. The contract is valued at approximately Rs. 50 Crore per annum and Rs. 320-350 Crores for the entire period. The supplies are set to commence from Q3FY 25 and continue until FY 2032.
Key Highlights
- Company secures order from international entity worth Rs. 50 Crores per annum for Electric SUV components
- Supply of Axle Seats and Knuckles for Electric SUVs in US market from Q3FY 25 to FY 2032
- Contract worth approximately Rs. 320-350 Crores for the entire period