Ahmednagar Forgings Live Stock, Share, Price, Charts, Quotes, NSE, BSE
Ahmednagar Forgings (AHMEDFO), an Amtek group company, is engaged in the manufacture of high precision closed die steel forgings and auto components for the automotive, defence and railway sectors.The company was incorporated in 1977 and Amtek acquired 62.57% stake in the company in 2002. Arvind Dham is the chairman and A. K. Syal, the managing director of the company. The company is the largest forging manufacturer in the small and medium component segment. The company specializes in products like connecting rods and caps, crankshafts and camshafts, steering levers, gear shifter forks, sector gears and shafts, front impact beams drive shafts, spindlers, hubs and flanges, transmission components, steering parts, pistons, propeller fork shafts, stub-axles, front axle beams, front and rear axle shafts.
The company has six manufacturing facilities in Ahmednagar, Chakan, Kuruli, Baddi, Bhopal and Gurgaon. The Ahmednagar facility manufactures very intricate medium sized forgings of up to 60 Kg. The Chakan facility has drop hammers, power presses, up-setters and hydraulic presses to manufacture forgings of upto 200 Kg. The Kuruli facility has mechanical forging presses from 700 tons to 6,000 tons capacity. The Gurgaon facility is a closed die press forging facility with eight mechanical forging presses of upto 1,600 tons.
The Bhopal plant manufactures high screw presses precision forgings with an installed capacity of 9,000 tons of components per annum. The Baddi facility is capable of manufacturing large and medium-sized forgings. Customers include Ashok Leyland, Aston Martin, Bajaj Auto, BMW, Briggs & Stratton, CNH Global, Cummins, ..etc. It has a global presence in USA, UK, and Germany. Its registered office is at Gat No 614, Kuruli village, Khed taluka, Pune-410501, Maharashtra. Financials The company disclosed rise of 56.70% in standalone net profit on y-o-y basis to Rs 283.00 million, while total income increased 37.42% y-o-y basis to Rs 2.37 billion for the quarter ended March 2011.
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