Hilton Metal Forging Launches Wagon Axle for Railway Wagons, Eyes Substantial Business Opportunities
Hilton Metal Forging Ltd, a leading manufacturer in the Forging industry, has announced the launch of a new product - Wagon Axle for Railway Wagons. The company, which caters to the Railways, Oil and Gas sector, and Turbine blades for wind energy Sector, aims to save precious forex and deliver timely to local Railway wagon manufacturers under the 'Make In India' and 'AtmaNirbhar Bharat' initiative. Hilton Metal Forging plans to raise funds up to Rs 100 crore through fresh issuance of additional equity to increase its business. The company has reported strong growth over the years with a 3-year CAGR of 43% in Sales and 33% in Net profit. Hilton Metal Forging has also been supplying Railway Forged Wagon Wheel for the replacement market across various Indian Railway Workshops in India.
Key Highlights
- New product launch targets domestic railway coach and wagon manufacturers
- Company plans to raise Funds up to Rs 100 crore through fresh issuance of additional equity
- Hilton Metal Forging has reported strong growth over the years with 3-year CAGR - 43% in Sales & 33% in Profit
- Company is well-positioned to meet increasing demands of Wheels shortfall and Wagon wheelset supply in future
- Hilton Metal Forging has been supplying Railway Forged Wagon Wheel for the replacement market across various Indian Railway Workshops in India