November 22, 2008

Mahindra Forgings commences 6,300 tonne press

Mahindra Forgings Limited announced that it has installed and commenced production of 6,300 tonne press. With this it has 8 forging presses, having an aggregate annualized production capacity of around 4000 tonnes per month.

Mahindra Forgings had earlier intimated on March 5th 2008 about the breakdown of one of the press having a production capacity of around 1,100 to 1200 tonnes per month. The said press is being overhauled and is expected to be put in operation by end of September 2008.

However, with the commencement of production of 6,300 tonne press and other 4000 tonne presses which compliment the 5000 tonne press, there is not likely to be any adverse impact on the production and performance of the company