Ramkrishna Forgings has received approval from its board of directors for an investment of INR 57.5 crore to set up an aluminium forging facility in Jamshedpur. This facility will primarily cater to the EV market, with an installed capacity of 3,000 MT per annum, and is expected to be operational by Q2 FY26. The new project aims to generate an additional revenue of INR 175 crore per annum at optimum capacity.
The company’s strategic move into aluminium forging is driven by its goal to enhance vehicle performance, fuel efficiency, and reduce environmental impact.
“In yet another step towards accelerating the transition to sustainable transportation, we are proud to announce our upcoming aluminum forging project, which will increase our footprint in the EV market in a big way. With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, the company’s innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited to evolving aspirations of the market and the customers,” said Naresh Jalan, Managing Director of Ramkrishna Forgings Ltd.
“These developments underscore our commitment to expanding our global footprint, diversifying our business portfolio, and delivering sustainable growth. We are confident that these strategic initiatives will position us for continued success and create long-term value for our stakeholders,” he added.
The aluminium forging facility is part of the company’s endeavour to adopt light-weighting in order to improve vehicle performance and fuel efficiency, while also reducing environmental impact. The new project highlights the company’s commitment to advancing sustainable transportation solutions and its dedication to innovation in the automotive sector.
