Happy Forgings Expands into Non-Automotive Segment
Happy Forgings Ltd. (HFL), a leading manufacturer of complex, safety-critical, heavy-forged, and high-precision machined components, has announced a Rs 650 crore investment to establish advanced forging capabilities. This expansion is aimed at serving the non-automotive industrial sector, marking a strategic diversification for the company.
The board of directors has approved the capital investment, which will support the development of cutting-edge forging technologies and enhance HFL’s production capacity. The initiative is expected to boost the company’s footprint beyond the automotive industry, addressing the growing demand for high-strength forged components across various industrial applications.
The company’s expansion aligns with India’s push for self-reliant industrial manufacturing, strengthening domestic capabilities in precision engineering.
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