Announced Tue, 21 Jul · 17:00 IST
New Bhojpur plant operational, Unit II Phase I consolidation done
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹93.00
prior close
₹99.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.1+0.1+2.2+3.1——————
Up moveDown movePending
AI summary
Maiden Forgings started operations at its new Bhojpur facility on July 18, 2026, completing Phase I of Unit II consolidation. Expected minimum savings of ₹25 lakh monthly (about ₹2.5 Cr annually) from lower admin, power, and labour costs. The upgraded plant supports defence clients like DRDO, HAL, NTPC, BHEL, and enables new products including galvanized wire and stainless steel parts. FY26 revenue rose 9.5% to ₹233.96 Cr, but PAT fell 17% to ₹5.02 Cr.
Likely market impact
New plant supports growth in defence and B2G segments and adds about ₹2.5 Cr in annual savings; further consolidation and product expansion updates expected.