Happy Forgings Surges Over 7% After Securing ₹500 Crore Order

Happy Forgings witnessed a significant surge in its share prices, climbing as much as 7.16% to reach an intraday high of Rs 969.45 per share on Monday. This surge comes on the heels of the company securing a substantial order valued at Rs 500 crore.

However, while the total order value amounts to approximately Rs 500 crore over the entire period, the annual value of the order ranges from Rs 69 crore to Rs 70 crore per annum.

In an exchange filing, Happy Forgings announced, "...it is hereby informed that the company has obtained an order from a leading global tier 1 manufacturer of automobile driveline components and systems."

As per the terms of the contract, Happy Forgings will undertake the manufacturing and supply of brake flanges for passenger vehicles, including utility vehicles and pickup trucks.

The agreement is slated to commence in the fourth quarter of the fiscal year 2026 or the first quarter of the fiscal year 2027. Happy Forgings is expected to fulfill the order by December 2034.

BS