NEW DELHI: Happy Forgings Ltd on Monday said it will invest Rs 650 crore to establish advanced forging capabilities to serve the non-automotive industrial segment.
The board of directors has approved a capital investment of up to Rs 650 crore to establish advanced forging capabilities, Happy Forgings Ltd (HFL), a manufacturer of complex, safety-critical, heavy-forged, and high-precision machined components, said in a statement.
This significant investment of Rs 650 crore to establish cutting-edge forging capacities will redefine the company’s capabilities in the heavyweight components segment, HFL Managing Director Ashish Garg said. PTI
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