+
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/

Next Story
Infrastructure Urban

AM/NS Commissions Galvanising Line at Hazira Plant

ArcelorMittal Nippon Steel (AM/NS) India has commissioned a new Continuous Galvanising Line (CGL) at its Hazira facility to produce advanced high-strength steel for the automotive sector. The new unit raises the company's downstream steel capacity by 0.5 million tonnes per annum (MTPA) to 3.3 MTPA, with plans to reach 5 MTPA by year-end through two more lines.The company had committed an investment of Rs 85 billion in five galvanising lines at Hazira, of which around 85 per cent has already been utilised.AM/NS India stated that its new high-strength galvanised steel will replace imports, with ..

Next Story
Infrastructure Urban

MCD Clears Rs 11.5 Billion Projects Including Puzzle Parking

After a gap of over two years, the newly reinstated Standing Committee of the Municipal Corporation of Delhi (MCD) has approved a range of civic and infrastructure projects worth approximately Rs 11.5 billion. Among the key decisions is the construction of a multi-level puzzle parking facility at Bharat Darshan Park in west Delhi, costing Rs 316 million, which will accommodate 188 vehicles. The project will be executed within 12 months and includes 10 years of operation and maintenance by the implementing agency.Standing Committee Chairman Satya Sharma stated the parking, equipped with advance..

Next Story
Infrastructure Urban

PM Launches Projects Worth Rs 120 Billion in Bihar, Bengal

Prime Minister Narendra Modi is set to visit Bihar and West Bengal tomorrow to inaugurate and lay foundation stones for development initiatives totalling over Rs 120 billion, the Prime Minister’s Office (PMO) announced.In Motihari, Bihar, Modi will launch projects worth Rs 72 billion across rail, road, rural development, fisheries, and IT. A major highlight is the Rs 40.8 billion Darbhanga–Narkatiaganj rail doubling project. The Prime Minister will also inaugurate highway upgrades like the Parariya–Mohania four-lane road and the Sarwan–Chakai two-lane stretch, improving Jharkhand conne..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?