Ramkrishna Forgings Sets Rs 20 Billion Wheel Plant in Chennai

03 Jul 2025 CW Team

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/

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..