StockWatch
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Castings & Forgings
Expansion8 Aug 2026, 03:31 pm

Neetu Yoshi Ltd Commences Production at New Haridwar Facility

AI Summary

Neetu Yoshi Limited has announced the commencement of commercial production at its new manufacturing facility in Haridwar, Uttarakhand, effective September 13, 2026. This expansion, funded by IPO proceeds, is expected to nearly double the company's manufacturing capabilities. The facility is strategically located to capitalize on increased investments in India's railway infrastructure. The company, an RDSO-certified manufacturer of customized ferrous metallurgical products, reported FY26 consolidated figures of ₹101.59 Cr Total Income, ₹33.87 Cr EBITDA, and ₹25.01 Cr Net Profit. The commencement date is a tribute to the late Mrs. Neetu Lohia.

Key Highlights

  • New Haridwar manufacturing facility to commence commercial production on Sep 13, 2026.
  • Expansion funded by IPO proceeds, expected to double manufacturing capacity.
  • Strengthens company's position in railway and engineering sectors.
  • FY26 consolidated Net Profit stood at ₹25.01 Cr.
  • Facility aims to enhance scale, efficiency, and reliability for customers.