
Deals11 Feb 2025, 10:06 pm
Happy Forgings Ltd Secures INR 160 Cr Order for Precision-Engineered Components
AI Summary
Happy Forgings Ltd has announced that it has obtained an order to supply precision-engineered, machined components for power generation applications. The order, awarded by a large global manufacturer and supplier of industrial equipment and construction machinery, has an annual committed volume of INR 95 Cr and a peak annual revenue potential of INR 160 Cr. The order is for the supply of heavy forged and precision-machined components weighing up to 1,000 Kgs for use in industrial and mining applications. The supplies are expected to commence in 2028 under the binding long-term supply contract.
Key Highlights
- Order worth INR 160 Cr with annual committed volume of INR 95 Cr
- Supplies to commence in 2028 under long-term supply contract
- Order for heavy forged and precision-machined components
- Awarded by a large global manufacturer and supplier