Happy Forgings Limited — New Orders, 14-12-2024: Bagging/Receiving of orders/contracts

Happy Forgings has secured an order from a domestic passenger vehicle manufacturer for the supply of crankshafts, valued at INR 140 crores, with an estimated peak annual revenue of INR 27 crores based on this order. The execution is scheduled between FY26 and FY31, with potential for increased supply volumes driven by vehicle sales, possibly raising annual revenues to over INR 50 crores starting from FY28. This development underscores a significant growth opportunity for the company in the domestic automotive sector. Investors should view this positively, as it enhances the company's revenue outlook in the coming years.