Business Update30 Aug 2024, 10:15 pm
RAMKRISHNA FORGINGS LTD. to Invest Upto Rs. 90 crores in Mexico for Forgings Manufacturing Facility
AI Summary
RAMKRISHNA FORGINGS LTD. is setting up a new forgings manufacturing facility in Mexico to manufacture End Yokes and Tube Yokes with an installed capacity of 11,000 MT per annum. The facility is expected to be operational by FY 2025-26, with an investment of up to Rs. 90 crores. The rationale behind this capacity addition is the estimated growth in the Automotive industry and the expected rise in demand for End Yokes and Tube Yokes. The company will finance this project through internal accruals and/or debt.
Key Highlights
- RAMKRISHNA FORGINGS LTD. is investing in a new forgings manufacturing facility in Mexico
- The new facility will manufacture End Yokes and Tube Yokes
- The facility will have an installed capacity of 11,000 MT per annum
- The project will be financed through internal accruals and/or debt
- The facility is expected to be operational by FY 2025-26