RamKrishna Forgings looks to start forged wheel production from Chennai plant in FY27
aims to foray into forged wheel manufacturing and is in process setting up a manufacturing plant at Chennai having an annual capacity to produce 228,000 forged wheels per annum, according to a senior company official.
The company's Managing Director Naresh Jalan in an interaction with PTI said the company is in process setting up the manufacturing plant in Chennai and the total project cost is estimated at Rs 2,000 crore, which is being funded through a mix of debt and equity.
"We expect to start with about 40,000 wheels by FY27 and scale up to 1,00,000 by FY28. If all goes as planned, this single vertical could generate multi crore annual revenues, making it one of the company's most significant growth engines," he told PTI.
Ramkrishna Forgings
&
Titagarh Rail Systems
Consortium had earlier received a Letter of Award (LOA) for manufacturing and supplying forged wheels for the Indian Railways.
Ramkrishna Forgings holds a 51 per cent stake in the
Joint Venture
and is the lead partner in this railway contract.
This foray builds on the company's long-standing partnership with Indian Railways, where it has already expanded from fabrication to the complete assembly of undercarriages, Jalan said.
Another area where the company will be entering is undercarriage, he said, adding "we have received first orders from Indian Railways to supply them prototypes for assembled undercarriage".
The first supplies of fully assembled undercarriage systems are expected to begin in July, with revenues from this segment projected to touch Rs 250 crore -300 crore over the next two years.
Together, these developments mark a clear pivot toward more integrated and value-added offerings, he said.
Ramkrishna Forgings is a manufacturer and supplier of closed-die forgings of carbon and alloy steel, micro-alloy steel, and stainless
steel forgings
.
In FY25, the company had reported a revenue of Rs 4,034 crore, while profit after tax (PAT) was at Rs 331.55 crore.
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