Hilton Metal Forging Limited has informed the Exchange regarding a press release dated Jun 11, 2025, titled "Hilton Metal Forging Ltd successfully manufactures Forged Railway�Wagon�Wheelset.".
HILTON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hilton Metal Forging has successfully manufactured Railway Forged Wagon Wheelsets, which have been inspected and approved by RITES, a Government of India enterprise. Each wheelset consists of 2 forged wheels and 1 forged axle, with 4 wheelsets used per coach/wagon. The company plans to produce 3,000+ wheelsets in FY26 and scale up to 12,000+ in FY27, with a total installed capacity target of 20,000 wheelsets per annum. The product aims to replace Chinese imports and align with the 'Make in India' initiative. The company highlighted strong industry tailwinds: Government plans to raise rail freight share from 27% to 45% by 2030, and annual domestic demand of about 1,70,000 new wagon wheelsets and 2,50,000 new wheels.
Positive for shareholders — RITES approval validates the product for Indian Railways use, and the multi-fold capacity ramp-up plan signals strong revenue growth potential from the railways segment, supported by government policy push and import substitution opportunity.