Him Teknoforge Ltd. to Set Up New Forging Plant Directly, Increasing Capacity by 14,400 MT

Him Teknoforge Ltd. has announced a decision to set up a new forging plant at Pithampur, Madhya Pradesh, directly instead of through its subsidiary, as the Company now falls under the definition of an MSME. The proposed project involves a capital expenditure of Rs. 51.75 crores and will add 14,400 MT of capacity to the Company's existing 9,300 MT. The new plant is expected to be operational by the first or second quarter of 2026. The Company will finance the project through a mix of internal accruals, debt, and equity capital.