Board approves Rs 500 crore capacity expansion
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The board approved about Rs 500 crore of spending to expand existing capacity, adding around 24,000 MT per year of forging and 14,000 MT per year of machining. Current capacity is 158,000 MT and 82,000 MT per year, with H1 FY27 utilization of 60% and 77%. The additions are planned for fiscal years 2028 and 2029 and funded by internal accruals and debt.
The project may support future growth and earnings, but it equals about 22% of September net worth and may increase debt, cash outflow and execution risk.