Business Update21 May 2026, 04:51 pm
Happy Forgings: Solar Project Capacity Enhanced to 35 MW
AI Summary
Happy Forgings Ltd's board approved increasing the capacity of its solar power project from 25 MW AC to 35 MW AC. The project, intended for captive consumption, sees its overall investment revised from ₹120 crores to ₹170 crores. The board also approved the audited financial results for the year ended March 31, 2026, recommended a final dividend of ₹4 per share, and approved the appointments of KPMG Assurance and Consulting Services LLP as Internal Auditors and M/s Rajan Sabharwal & Associates as Cost Auditors.
Key Highlights
- Happy Forgings increases solar power project capacity to 35 MW AC.
- Project investment revised to ₹170 crores for captive consumption.
- Final dividend of ₹4 per share recommended for FY 2025-26.
- KPMG appointed as Internal Auditors for FY 2026-27.
- Ms. Megha Garg re-appointed as Whole-time Director for five years.
Price Impact
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