Sona BLW Precision Forgings Ltd approves capacity expansion at Pune plant

Sona BLW Precision Forgings Ltd has shifted its operations from its existing Pune plant at T-46, MIDC Bhosari Industrial Area, Pune - 411 026, India to a new bigger facility at Plot No. A-78/2, MIDC, Chakan Industrial Area Phase - 2, Wasuli, Pune, Maharashtra, 410501.

Further, the Board has approved investment of INR 529 million for capacity expansion of this new Pune plant from 11.8 million gears to 20.1 million gears by financial year 2025.

The new plant is capable of manufacturing gears for EV and Non-EV applications and serve customers globally. The Company has a net order book of INR 238 bn as of 31 Dec 2022. New gear capacities will be required to meet the large order book.

Shares of Sona BLW Precision Forgings Limited was last trading in BSE at Rs. 423.45 as compared to the previous close of Rs. 421.70. The total number of shares traded during the day was 26052 in over 1141 trades.

The stock hit an intraday high of Rs. 426.60 and intraday low of 417.25. The net turnover during the day was Rs. 10989707.00.

Source : Equity Bulls

Keywords

SonaBLWPrecisionForgings PunePlant ExpansionProject CapacityExpansion