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Ganga Forging Ltd. ( (IN:GANGAFORGE) ) has provided an announcement.
Ganga Forging Limited has announced its entry into the elastic rail clip segment, a key railway track fastening component used by Indian Railways to secure rails to sleepers and ensure track stability and safety. The company is seeking approval from the Research Designs and Standards Organization (RDSO) under the Ministry of Railways, which would enable it to participate in Indian Railways procurement alongside a limited pool of approved suppliers concentrated in western India, a structure that supports favorable demand and long-term business visibility. Ganga Forging has set up an installed capacity of about 325,000 elastic rail clips per month, translating at an indicative price of ₹120 per unit into potential annual revenue of around ₹48 crore from this product line, with an expected net profit margin of roughly 20 percent, underscoring the segment’s potential to be a meaningful and profitable addition to its turnover and its position in railway infrastructure components.
More about Ganga Forging Ltd.
Ganga Forging Limited is one of India’s leading steel forging manufacturers, supplying components to sectors including railways, construction, mechanical engineering, oil refineries, mining and power transmission. With more than three decades of experience, a diversified product portfolio and a strong emphasis on quality and precision manufacturing, the company has built a reputation for reliability as it deepens its focus on railway infrastructure components in line with India’s rail modernization drive.
Average Trading Volume: 645,564
Technical Sentiment Signal: Hold
Current Market Cap: 407.1M INR
For a thorough assessment of GANGAFORGE stock, go to TipRanks’ Stock Analysis page.