Happy Forgings Ltd announced on Monday that it will invest Rs 650 crore to set up a state-of-the-art manufacturing facility aimed at catering to the non-automotive industrial sector. The company’s board has approved the capital investment, which will be used to develop advanced forging capabilities. Happy Forgings Ltd (HFL) specializes in manufacturing complex, safety-critical, heavy-forged, and high-precision machined components.
HFL’s Managing Director, Ashish Garg, stated that this substantial investment will enhance the company’s ability to produce heavyweight components, helping it expand its presence in the industrial sector. “This initiative supports our plan to tap into a market with limited suppliers, focusing on precision-engineered, large-sized components. We expect this investment to drive our growth, increase profitability, and strengthen our export presence, benefiting all stakeholders,” he said.
With the new investment, HFL will enter the higher-weight segment, producing components weighing up to 3,000 kilograms. The new facility will focus on producing heavy forged and machined components, such as large crankshafts for industrial and marine applications, as well as axles, gears, oil and gas valves, flanges, spindles, connectors, and shafts, among others.
These components will support industries including power generation, marine, mining, high-horsepower farm equipment, material handling, cranes, wind energy, oil and gas, and specialized sectors like aerospace, defense, and nuclear. The total capital expenditure for the facility will be spread over the next two to three years, with financing primarily from internal funds and partially through debt. Production is expected to begin by the end of FY2027.
Happy Forgings Ltd is a leading manufacturer of high-quality forged components, catering primarily to the automotive, railways, and heavy engineering industries. Based in Ludhiana, India, the company specializes in producing critical engine and transmission parts, including crankshafts, connecting rods, and camshafts, which are integral to high-performance machinery.
Equipped with state-of-the-art manufacturing facilities and a strong focus on precision engineering, Happy Forgings adheres to stringent quality standards, earning the trust of clients both domestically and internationally. Its commitment to innovation, sustainability, and customer satisfaction underscores its position as a trusted partner for forging solutions across diverse sectors.
