Ramkrishna Forgings has begun commercial production using its new NATIONAL 5 UPSETTER and DEFRIS 2% UPSETTER machines, adding 14,250 Metric Tonnes Per Annum (MTPA) to its production capacity. This expansion is designed to meet increasing demand from customers, enhancing the company’s total production capacity to 2,43,400 MTPA for hot and warm forgings and 25,000 MTPA for cold forgings.
The company’s investment in this expansion totals approximately ₹40.85 crore, funded through a combination of equity and debt, in line with its capital expenditure plans. The new equipment will focus on producing high-quality forged products, improving production efficiency, and strengthening the company’s position in both domestic and international markets.
An “upsetter” refers to a forging machine that uses pressure and force to shape and form metal. Ramkrishna Forgings’ shares opened at ₹781.95 on the BSE and rose by over 3% during the morning session, reaching an intraday high of ₹805.
For the third quarter ending December 31, 2024, the company reported a 14.6% year-on-year increase in net profit, reaching ₹99.6 crore, up from ₹86.9 crore in the same period the previous year. Revenue from operations also grew by 7.9%, totaling ₹1,073.8 crore compared to ₹995.6 crore in the corresponding quarter of the prior year.
Ramkrishna Forgings is a leading player in the forging industry, specializing in the manufacturing of high-quality forged components for a wide range of sectors, including automotive, industrial machinery, and railway applications. The company has established a strong presence in both domestic and international markets, focusing on delivering precision-engineered products that meet stringent quality standards.
With an extensive range of forging capabilities, Ramkrishna Forgings serves a global customer base, leveraging advanced technology and equipment to produce hot, warm, and cold-forged components. The company’s commitment to innovation and efficiency has allowed it to remain competitive in a rapidly evolving industry.
In line with its growth strategy, Ramkrishna Forgings continues to expand its production capacity to meet the increasing demand from its customers. Recently, the company added a significant 14,250 Metric Tonnes Per Annum (MTPA) to its manufacturing capabilities through the installation of advanced machines such as the NATIONAL 5 UPSETTER and DEFRIS 2% UPSETTER.
This expansion, supported by an investment of approximately ₹40.85 crore, aims to improve production efficiency and bolster the company’s market position. With a strong focus on quality, operational excellence, and customer satisfaction, Ramkrishna Forgings remains dedicated to driving growth and innovation in the forging sector.
