Ramkrishna Forgings greenlights aluminium forging facility with Rs 57.5cr investment

Ramkrishna Forgings Limited (RFL), a prominent name in rolled, forged, and machined products, has recently secured board approval for an ambitious investment project aimed at expanding its market presence in the electric vehicle (EV) sector. The company’s Board of Directors has sanctioned Rs 57.5 Crores for the establishment of a state-of-the-art Aluminium Forging Facility in Jamshedpur.

Investment and Project Details

The new Aluminium Forging Facility is projected to have an installed capacity of 3,000 metric tonnes per annum (MT) and is expected to be operational by the second quarter of fiscal year 2026. Upon reaching its full capacity, the facility is anticipated to generate an additional revenue stream of Rs 175 Crores annually for Ramkrishna Forgings Limited.

This strategic investment aligns with the company’s broader goal of enhancing performance, fuel efficiency, and reducing the environmental footprint of vehicles through advanced lightweight materials. By focusing on aluminium forging, Ramkrishna Forgings Limited aims to cater specifically to the growing demands of the EV market, which is increasingly seeking innovative solutions for sustainable transportation.

Strategic Vision

Naresh Jalan, Managing Director of Ramkrishna Forgings Limited, expressed enthusiasm about the project, stating, “In yet another step towards accelerating the transition to sustainable transportation, we are proud to announce our upcoming Aluminium Forging Project, which will increase our footprint in the EV market in a big way. With a focus on engineering and tech-enabled automotive solutions catering to the future of mobility, the company’s innovation efforts are focused on developing pioneering technologies that are sustainable as well as suited to the evolving aspirations of the market and the customers.”

Jalan further emphasized that this development reflects Ramkrishna Forgings Limited’s commitment to expanding its global footprint, diversifying its business portfolio, and fostering sustainable growth. The company is optimistic that these strategic initiatives will not only bolster its market position but also create long-term value for its stakeholders.

Industry Impact

The establishment of the Aluminium Forging Facility is expected to enhance Ramkrishna Forgings Limited’s competitiveness in the automotive sector, particularly in the EV domain. As the demand for lightweight and fuel-efficient vehicle components continues to rise, this new facility positions the company to better serve its clients and capitalize on emerging market opportunities.