Happy Forgings Ltd wins order for supply of E Axle components for Electric SUVs in US

Happy Forgings Ltd has obtained an order to supply E Axle components for Electric SUVs in US Passenger Vehicle segment from a leading global manufacturer and supplier of automotive components.

The order value is pproximately Rs. 50 Cr. p.a. on fully ramped up supply volume and approximately Rs. 320-350 crores for the entire period.

The supplies to commence from Q3FY25 upto FY2032.

Shares of Happy Forgings Limited was last trading in BSE at Rs. 969.25 as compared to the previous close of Rs. 956.15. The total number of shares traded during the day was 11610 in over 932 trades.

The stock hit an intraday high of Rs. 989.05 and intraday low of 955.00. The net turnover during the day was Rs. 11324949.00.

Source : Equity Bulls

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