We expect 20-25% topline growth in FY19, said Vidyashankar Krishnan, MD, MM Forgings.
“We ended FY18 at 47,000 tonne and Rs 630 crore of turnover. We would expect FY19 to be about 65,000-70,000 tonne output and turnover in the region of Rs 800 crore plus,” said Krishnan.
Talking about capacity, he said, “The capacity will be ramped up to 110,000 tonne per annum. So we are looking at major expansion as we speak.”
New capacities will come up right through the year and will be well in place by March of 2019, he added.
We contracted new orders on both domestic and exports and they are doing pretty well for us, said Krishnan.