Happy Forgings Limited has informed the Exchange regarding 'BRSR for the year ended 31st March 2025'.
HAPPYFORGE · price
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Happy Forgings Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 to BSE and NSE, as required under SEBI's Listing Regulations. The company, incorporated in 1979 and based in Ludhiana, is the 4th largest manufacturer of complex and safety-critical heavy forged and high-precision machined components in India, with FY25 turnover of ₹1,409 Cr and net worth of ₹1,850 Cr. It serves major OEMs including Tata Motors, JCB, Mahindra, Ashok Leyland, American Axle, Dana and Liebherr, with exports contributing 18% of revenue across 10 countries. Key sustainability progress includes installation of 1.7 MW additional rooftop solar (total 6.5 MW), planting 10,000 trees, and discontinuing furnace oil by switching to induction billet heaters. Workforce stands at 639 employees and 2,931 workers, with new targets including 50% reduction in Scope 1 & 2 emissions by 2030 and 20 MW solar capacity by 2028.
This is a routine mandatory ESG disclosure rather than a stock-moving event, but it highlights the company's strengthening sustainability credentials, which may appeal to ESG-focused investors and large global customers. The progress on renewable energy and emission reduction targets supports long-term cost competitiveness and aligns with the green supply chain expectations of its OEM customers.