PROJECT

Projects

Summary of Investment Information

Project Number

30610

Company Name

RAMKRISHNA FORGINGS LIMITED

Date SPI Disclosed

May 28, 2012

Country

India

Region

South Asia

Projected Board Date

Jun 27, 2012

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Aug 13, 2023

Department

Regional Industry - MAS Asia & Pac

Industry

Manufacturing

Previous Events

Approved : Sep 25, 2012
Signed : Sep 28, 2012
Invested : Jan 16, 2013

Sector

Iron and Steel Forging

Project Description

Ramkrishna Forgings Limited (“RKFL” or the “Company”) is headquartered in Kolkata, West Bengal, India, and its manufacturing units are located in Jamshedpur, Jharkhand, India. Founded in November 1981, RKFL manufactures forged and machined Transmission and axle components for medium and heavy commercial vehicles, and is currently one of the market leaders in this space in India. In order to increase its market share in a growing domestic market, and improve its operating efficiency, RKFL has undertaken an expansion program in Jamshedpur requiring a capital expenditure of approximately US$97 million. The greenfield expansion program will include a new Front Axle Beam manufacturing line, with machinery imported from Germany, and will be installed near the Company’s existing plant in Jamshedpur.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation