Happy Forgings Limited (HFL) Expansion Plan



Happy Forgings Limited (HFL) Expansion Plan:

  • Investment: ₹650 crore for forging expansion.
  • Focus: Heavyweight components (up to 3,000 kg) for non-automotive sectors like power, marine, mining, aerospace, and defense.
  • Location: Asia.
  • Timeline: 2–3 years; production begins by FY2027.
  • Funding: Internal accruals + partial debt.
  • Objective: Reduce import dependence, support industrial growth, and expand exports.
  • Significance: Strengthens India’s position in precision-engineered manufacturing.

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