Maiden Forgings

Maiden Forgings reported revenue from operations of approximately ₹127 crore for the first half of FY27, up about 16% year on year, on sales volumes of about 19,239 tonnes, up about 14.2% year on year. The company commenced operations at its new Bhojpur manufacturing facility in July 2026, completing Phase I of its Unit II consolidation with minimum estimated savings of about ₹25 lakh per month once fully completed. It sold its vacant land parcel at C-10, Bulandshahr Road Industrial Area, Ghaziabad for ₹12.90 crore for deployment towards expansion of its manufacturing facilities. CRISIL reaffirmed its long-term rating at BBB with a stable outlook on ₹42.50 crore of bank facilities. The company recorded total income of ₹233.96 crore in FY26 on production of 35,546 tonnes from three Ghaziabad units with aggregate capacity of 53,000 tonnes per annum. It served more than 450 customers across auto ancillaries, engineering, fasteners and hardware segments. Debt stood at about ₹69 crore at the end of FY26 with inventories of ₹83.12 crore and receivables of ₹39.42 crore.

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Maiden Forgings sold a vacant land parcel at C-10, Bulandshahr Road Industrial Area in Ghaziabad for ₹12.90 crore. The company said proceeds would be used for expansion and development of its new unit at Murad Nagar. Maiden Forgings had begun operations at its Bhojpur Unit II facility in July 2026 as part of a consolidation programme. Revenue was ₹233.96 crore in FY26 and total borrowings were about ₹69.3 crore.

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Maiden Forgings commenced operations at its new Bhojpur manufacturing facility on July 18, formally completing Phase I of its Unit II consolidation. The company began dispatching products from the upgraded plant the same week. The consolidation is expected to generate minimum monthly savings of ₹25 lakh, or roughly ₹2.5 crore annually, from lower administrative, power and fuel, and labour costs. The relocated Unit II is part of a broader plant consolidation strategy aimed at improving production workflows, expanding defence and B2G business, and boosting margins through higher-value products. Maiden Forgings said it is now working to finalise the remaining phases of consolidation and will provide further updates in the coming months.

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Jan 20 (Reuters) - Maiden Forgings Ltd MAIE.BO:

• REGISTERED AS APPROVED PARTNER WITH TBRL, DRDO

Source text: ID:nBSE15l5NR

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