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Private Equity | 29 May 2012

IFC To Invest $20 Mn In Ramkrishna Forgings

by Ahemad Shaikh
IFC To Invest $20 Mn In Ramkrishna Forgings
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IFC is planning to invest $20 Mn in Kolkata based Ramkrishna Forgings Limited for expansion activities.

The company is planning to install new Front Axle Beam manufacturing line in Jamshedpur requiring a capital expenditure of approximately $97 Mn.

Founded in 1981 by Mahabir Prasad Jalan, Ramkrishna Forgings manufactures forged and machined Transmission and axle components for medium and heavy commercial vehicles. It caters to the automobile, railway, defence and mining sectors.

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