Ramkrishna Forgings Sets Rs 20 Billion Wheel Plant in Chennai
ECONOMY & POLICY

Ramkrishna Forgings Sets Rs 20 Billion Wheel Plant in Chennai

Ramkrishna Forgings plans to enter the forged wheel market and is building a manufacturing facility in Chennai with an annual capacity of 228,000 wheels. Managing Director Naresh Jalan told PTI that the project will cost about Rs 20 billion, funded through a mix of debt and equity.
The company expects to begin production with roughly 40,000 wheels in FY27 and ramp up to 100,000 wheels in FY28. Jalan said this single vertical could become one of the firm’s most powerful growth engines, generating multi billion rupee revenues.
A Ramkrishna Forgings–Titagarh Rail Systems consortium has already secured a Letter of Award to make and supply forged wheels for Indian Railways. Ramkrishna Forgings holds a 51 per cent stake in the joint venture and is the lead partner.
The group is also moving into fully assembled undercarriage systems. It has received initial orders from Indian Railways for prototype units, with the first deliveries scheduled for July. Turnover from this segment is projected at Rs 2.5 billion–Rs 3 billion over the next two years.
These ventures mark a shift towards more integrated, value added offerings. Ramkrishna Forgings, a specialist in closed die forgings of carbon, alloy and stainless steels, reported FY25 revenue of about Rs 40.34 billion and profit after tax of roughly Rs 3.32 billion.

Image Source:https://daijiworld.com/

Ramkrishna Forgings plans to enter the forged wheel market and is building a manufacturing facility in Chennai with an annual capacity of 228,000 wheels. Managing Director Naresh Jalan told PTI that the project will cost about Rs 20 billion, funded through a mix of debt and equity.The company expects to begin production with roughly 40,000 wheels in FY27 and ramp up to 100,000 wheels in FY28. Jalan said this single vertical could become one of the firm’s most powerful growth engines, generating multi billion rupee revenues.A Ramkrishna Forgings–Titagarh Rail Systems consortium has already secured a Letter of Award to make and supply forged wheels for Indian Railways. Ramkrishna Forgings holds a 51 per cent stake in the joint venture and is the lead partner.The group is also moving into fully assembled undercarriage systems. It has received initial orders from Indian Railways for prototype units, with the first deliveries scheduled for July. Turnover from this segment is projected at Rs 2.5 billion–Rs 3 billion over the next two years.These ventures mark a shift towards more integrated, value added offerings. Ramkrishna Forgings, a specialist in closed die forgings of carbon, alloy and stainless steels, reported FY25 revenue of about Rs 40.34 billion and profit after tax of roughly Rs 3.32 billion.Image Source:https://daijiworld.com/

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement