Ramkrishna Forgings to acquire stake in TSUYO Manufacturing
ECONOMY & POLICY

Ramkrishna Forgings to acquire stake in TSUYO Manufacturing

On Thursday, Ramkrishna Forgings said that its board had approved a plan to buy up to a 51% share in TSUYO Manufacturing.

The business kept the deal's size a secret.
The company's board of directors made a resolution in this regard at a meeting on Wednesday, according to a statement from Ramkrishna Forgings.

The statement read, "The Ramkrishna Forgings board of directors has approved an investment to purchase up to 51% voting rights of TSUYO, a Make-In-India startup firm involved in powertrain solutions for electric vehicles.

With this projected investment, TSUYO will be able to increase the variety of products it offers and extend the factory space where it makes motors, controllers, e-axles, and differentials.

"We will be able to advance our commitment to assisting the rise of electric vehicles in India and elsewhere thanks to this key investment. With this acquisition, our skills will be greatly enhanced, and our market share in the developing EV segment will increase "According to Ramkrishna Forgings, the director and CFO is Lalit Khetan.

Kolkata-based Closed die forgings of carbon and alloy steel, micro alloy steel, and stainless steel are produced and supplied by Ramkrishna Forgings.

On Thursday, Ramkrishna Forgings said that its board had approved a plan to buy up to a 51% share in TSUYO Manufacturing. The business kept the deal's size a secret. The company's board of directors made a resolution in this regard at a meeting on Wednesday, according to a statement from Ramkrishna Forgings. The statement read, The Ramkrishna Forgings board of directors has approved an investment to purchase up to 51% voting rights of TSUYO, a Make-In-India startup firm involved in powertrain solutions for electric vehicles. With this projected investment, TSUYO will be able to increase the variety of products it offers and extend the factory space where it makes motors, controllers, e-axles, and differentials. We will be able to advance our commitment to assisting the rise of electric vehicles in India and elsewhere thanks to this key investment. With this acquisition, our skills will be greatly enhanced, and our market share in the developing EV segment will increase According to Ramkrishna Forgings, the director and CFO is Lalit Khetan. Kolkata-based Closed die forgings of carbon and alloy steel, micro alloy steel, and stainless steel are produced and supplied by Ramkrishna Forgings.

Related Stories

Gold Stories

Next Story
Real Estate

L&T Wins Mega Order for India’s Largest NVIDIA B300 AI Factory

Larsen & Toubro (L&T), through Vyoma.AI’s AI infrastructure subsidiary LTN Compute, has secured a mega order to develop what the company describes as India’s largest single-cluster AI infrastructure facility. The NVIDIA B300 AI Factory will support US-based AI cloud company Together AI’s platform for large-scale inference, fine-tuning and training workloads.The integrated AI Factory will be hosted at Vyoma.AI’s Chennai data centre campus and will have a capacity of 10,000 NVIDIA B300 GPUs. The platform will combine hyperscale data centre infrastructure, accelerated computing, h..

Next Story
Infrastructure Urban

Autodesk Elevates Nikhil Bagalkotkar to Lead AEC in India, SAARC

Autodesk has elevated Nikhil Bagalkotkar as Head – Architecture, Engineering and Construction (AEC), India and SAARC, with immediate effect.In his new role, Bagalkotkar will lead Autodesk's AEC business strategy across the region and drive adoption of the company's Design and Make platform. He will also focus on promoting digital design and construction technologies to help customers accelerate innovation and deliver more sustainable and resilient infrastructure.Bagalkotkar will be responsible for expanding Autodesk's AEC business, strengthening customer and partner engagement, and accelerat..

Next Story
Real Estate

Listed Developers' Pre-Sales Seen Rising 22.3 Per Cent in FY27

India's leading listed residential developers are expected to sustain strong sales momentum in FY27, with combined pre-sales of 11 major players projected to rise 22.3 per cent year-on-year, according to an analysis by ANAROCK Research & Advisory.Combined pre-sales of the developers are estimated to increase from Rs 1.49 trillion in FY26 to Rs 1.82 lakh crore in FY27. ANAROCK attributed the growth to sustained end-user demand, new project launches and strong execution despite higher property prices, construction costs and global uncertainties.Dr Prashant Thakur, Executive Director and Head..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement