Happy Forgings Limited — Board Meeting, 06-01-2025: Outcome of Board Meeting

The Board of Directors of Happy Forgings Limited has approved a capex budget of ₹650 Crores to establish facilities for heavyweight forged and machined components. This investment, aimed at developing advanced forging capabilities for non-automotive sectors such as power generation and aerospace, positions the company strategically within niche markets. The new facility aims to handle components weighing up to 3,000 kilograms, marking it as the first of its kind in Asia and the second largest globally. The investment will take place over the next 2-3 years, with potential revisions by the Board.