Hilton Metal Forging Limited has informed the Exchange regarding a press release dated Jun 21, 2025, titled "Hilton Metal Forging Ltd has received Feasibility & Production capability of Vande Bharat & LHB Forged Wheels development from RITES Ltd.".
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Awaiting price reaction for this filing.
Hilton Metal Forging has received approval from RITES Ltd, Indian Railways' quality assurance agency, for the feasibility and production capability of Vande Bharat (952mm wheels, rated for 140 km/h) and LHB (915mm wheels) forged wheels. The company says it is the first private MSME to secure this 'Make-in-India' recognition. The government plans to convert 40,000 conventional rail coaches to Vande Bharat standards and procure 17,500 coaches over the next few years, with the Railways budget for FY2025-26 set at ₹2.65 lakh crore. By 2029, all passenger trains are expected to have LHB coaches. The press release does not mention any confirmed order value or timeline for commercial supply.
This is a positive qualification milestone that positions Hilton Metal Forging as an approved supplier in Indian Railways' large-scale coach modernization program, potentially opening up significant future business. However, since this is only a feasibility/production capability approval and not a confirmed purchase order, near-term revenue impact is uncertain and investors should watch for actual order announcements.