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Ramkrishna Forgings-Titagarh Rail JV plant in TN to hit full capacity by FY30, eyes global exports

Reported by: BusinessLine ·

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Ramkrishna ForgingsTITAGARH RAIL SYSTEMS

Summary

BusinessLine reported that the joint venture plant of Ramkrishna Forgings and Titagarh Rail near Chennai will reach full capacity by FY30 and is looking at global exports. Ramkrishna Forgings holds a 51% stake in the venture, meaning it is the majority partner. The outlet said the plant will be Asia's second largest manufacturing facility producing forged wheels. A joint venture is a company set up and owned by two or more firms. FY30 means the financial year ending March 2030. Full capacity means running at the highest output the plant was built for. The report did not give the plant's investment, capacity in numbers or an export figure.

AI summary of what BusinessLine reported. AI can make mistakes. Read the full story on BusinessLine

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BusinessLine  · · Tone 0

Ramkrishna Forgings-Titagarh Rail JV plant in TN to hit full capacity by FY30, eyes global exports

Ramkrishna Forgings holds a 51% stake in the joint venture; The plant near Chennai will be Asia’s second largest manufacturing facility to produce forged wheels

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