The aluminium forging facility underscores the company’s commitment to lightweight materials for better vehicle performance, fuel efficiency, and reduced environmental impact, highlighting its dedication to sustainable and innovative automotive solutions.
Ramkrishna Forgings has obtained the green light from its board of directors to invest INR 57.5 crore in establishing an aluminium forging plant in Jamshedpur. This plant is designed to primarily serve the electric vehicle (EV) market and will boast an annual production capacity of 3,000 metric tons. It is scheduled to begin operations by the second quarter of the fiscal year 2026. The facility is projected to contribute an additional INR 175 crore in annual revenue at full capacity.
This strategic expansion into aluminium forging aligns with the company’s objectives to boost vehicle performance, enhance fuel efficiency, and minimize environmental impact. Naresh Jalan, Managing Director of Ramkrishna Forgings, expressed enthusiasm about the venture, emphasizing its significant role in advancing the company’s presence in the EV market. He noted that the initiative is a pivotal part of the company’s strategy to develop cutting-edge, sustainable technologies that address the evolving needs of the market and its customers.
Jalan further elaborated on the company’s aspirations by explaining that recent developments demonstrate their commitment to expanding their global presence, diversifying their portfolio, and aiming for sustainable growth. He expressed optimism that these strategic efforts would strengthen their market position, support continued success, and create lasting value for their stakeholders.
The introduction of the aluminium forging facility underscores the company’s commitment to incorporating lightweight materials to enhance automotive performance and fuel efficiency while reducing environmental impacts. The project signifies Ramkrishna Forgings’ ongoing commitment to innovating within the automotive sector and its focus on promoting sustainable transportation solutions.
