Happy Forgings secures order to Supply Crankshafts for the Domestic Passenger Vehicle Segment

Happy Forgings Limited (HFL), a leading manufacturer of complex, safety-critical forged and precision-machined components in India, announced the receipt of an order for supplying crankshafts for the passenger vehicle segment.

This initial order for the crankshaft component is valued at approximately INR 140 crores, spanning the period from FY26 to FY31. Deliveries are scheduled to begin in FY26, following the successful completion of testing and approval processes. Peak annual revenues under this order are expected to reach INR 27 crores. Depending on the sales performance of the vehicles using the crankshaft, a subsequent order could potentially double the supply volumes starting in FY28, increasing peak annual revenues to over INR 50 crores.

HFL's investments in state-of-the-art manufacturing capabilities has positioned it to meet the growing demand for high-precision components from both global and domestic automotive OEMs. This order marks a significant step in HFL's expansion within the passenger vehicle segment, reinforcing its reputation as a trusted supplier of critical components. By combining precision engineering with cost-effectiveness, HFL continues to solidify its leadership in the automotive components manufacturing industry.

Commenting on the development, Mr. Ashish Garg, Managing Director of Happy Forgings said, "This order highlights our ability to provide high-quality solutions driven by advanced engineering capabilities and a proven track record of successful execution. We are committed to maintaining our leadership in precision engineering and continue to focus on enhancing the value and innovation we bring to our products, while expanding our presence in the passenger vehicle segment."

Shares of Happy Forgings Limited was last trading in BSE at Rs. 1050.80 as compared to the previous close of Rs. 1083.10. The total number of shares traded during the day was 4760 in over 804 trades.

The stock hit an intraday high of Rs. 1100.95 and intraday low of 1043.00. The net turnover during the day was Rs. 5005281.00.

Source : Equity Bulls

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