Happy Forgings Limited (HFL) has announced a ₹650 crore capital investment to develop advanced forging and machining capabilities for heavyweight components. This initiative aims to cater to various industrial segments beyond the automotive sector.
The new facility will focus on producing components such as large crankshafts for industrial and marine applications, axles, gears, oil and gas valves, flanges, and spindles, among others. These products will target industries including power generation, marine, mining, farm equipment, material handling, wind energy, oil and gas, aerospace, defense, and nuclear sectors.
Once operational, the facility will manufacture components weighing up to 3,000 kilograms, expanding HFL’s capabilities into the heavyweight segment. The project, set to be financed through a mix of internal accruals and debt, will be implemented over the next two to three years, with production expected to start by the end of FY2027.
HFL specializes in manufacturing safety-critical, heavy-forged, and precision-machined components. The company primarily supplies original equipment manufacturers in automotive and non-automotive sectors, including power generation and industrial machinery industries.