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
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code