Ramkrishna Forgings gets NCLT approval for acquisition of ACIL Limited

Ramkrishna Forgings Limited, a leading supplier of rolled, forged, and machined products, has secured approval from the National Company Law Tribunal (NCLT), New Delhi, for the acquisition of ACIL Limited.

ACIL Limited, renowned for its high precision engineering automotive components, brings a wealth of expertise to Ramkrishna Forgings. With a focus on manufacturing critical components like crankshafts for tractors, HCV, LCV, and two-wheelers, as well as connecting rods, steering knuckles, and hubs, ACIL’s manufacturing facility in Gurugram, Haryana, is poised to complement Ramkrishna Forgings’ technological and engineering capabilities.

The acquisition promises to create a robust synergy between Ramkrishna Forgings’ market reach and ACIL Limited’s diverse product range. Lalit Kumar Khetan, Whole Time Director & CFO of Ramkrishna Forgings Limited, emphasized the alignment with the company’s strategic growth objectives. He noted that the acquisition not only enhances their product offerings but also strengthens their market presence, marking a significant milestone for the company.

This acquisition is set to open a new chapter of growth and innovation for Ramkrishna Forgings Limited, with expectations of a reinforced presence in the dynamic automotive landscape. The company plans to fund this acquisition through a mix of internal accruals and debt, indicating a well-planned financial strategy.

The integration of ACIL Limited’s expertise and capabilities into Ramkrishna Forgings’ operations is anticipated to deliver enhanced value to customers and stakeholders. This strategic move is a testament to Ramkrishna Forgings’ commitment to broadening its capacity to cater to diverse global markets, fostering deeper and more impactful partnerships on an international scale.