Introduction:
Leading manufacturer of complex, safety-critical forged and machined components has approved a ₹650 crore investment to build a state-of-the-art facility in Asia. This plant will cater to non-automotive industries, producing heavyweight components for diverse industrial sectors.
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Share price movement of Happy Forgings:
On January 6, 2025, Happy Forgings Ltd. opened at ₹1,065.95, down 4.61% from its previous close of ₹1,012.60. The stock reached a high of ₹1,065.95 and a low of ₹996.85. By 12:13 PM, it traded at ₹1,009.00, with a market cap of ₹9,505.27 crore.
HFL Approves ₹650 Cr Investment Expansion:
Happy Forgings Limited (HFL) has approved a capital investment of ₹650 crore to establish a state-of-the-art facility for heavyweight forged and machined components. This facility, the largest in Asia, will cater to various non-automotive industries.
The new plant will focus on producing components such as large crankshafts, axles, gears, and oil & gas valves. It will serve sectors like power generation, marine, mining, wind energy, aerospace, and defense, addressing the growing demand for high-precision, heavyweight components.
This investment will expand HFL’s forging capabilities, producing components up to 3,000 kg. The project, slated for completion by FY2027, will be financed through internal accruals and debt, reinforcing HFL’s leadership in the global industrial sector.
Stock performance of Happy Forgings for Period of 1 week, 6 months and 1 year:
Over the past week, Happy Forgings Ltd. has gained 1.68%, reflecting positive short-term momentum. However, the company experienced a 18.4% decline over six months, while showing a modest 1.42% increase in its one-year performance.
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Shareholding pattern of Happy Forgings:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 78.60% | 78.60% | 78.60% |
| FII | 2.30% | 2.20% | 1.10% |
| DII | 17.10% | 16.70% | 16.90% |
| Public | 2.00% | 2.50% | 3% |
About Happy Forgings:
Happy Forgings Limited (NSE: HAPPYFORGE) is an engineering-led manufacturer of heavy forged and precision machined components. It serves industries such as automotive, oil & gas, power generation, and wind turbines, catering to both domestic and global OEMs.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
