Happy Forgings Limited (HFL), a manufacturer of forged and machined components based in Ludhiana, India, has secured an order to supply precision-engineered components for power generation applications to a North American client. This supply arrangement is set to begin in the second quarter of the fiscal year 2026 (Q2 FY26) and will extend for at least five years, with potential for further extension based on mutual agreement.
The company anticipates this order to contribute approximately ₹28 crore in annual revenue, with a cumulative revenue forecast of ₹135 to ₹145 crore through fiscal year 2031. HFL expects this agreement to strengthen its industrial segment contributions and expand its export portfolio, aligning with its strategic goal of diversifying revenue sources and expanding its global presence.
Ashish Garg, Managing Director of Happy Forgings, commented that the order from an existing client underscores the company’s capabilities in supplying high-precision components meeting quality standards at competitive costs.