Kalyani Forge to deploy Rs 200cr capex for modernisation

Kalyani Forge today said it plans to deploy a capital expenditure of Rs 200 crore over the next 3-5 years for modernisation and value addition at its manufacturing facilities in Pune, and also scale up the share of exports in total revenue.
The Kalyani Group firm is engaged in manufacturing of precision forged and machined components.
Over the next 3-5 years, Kalyani Forge will deploy a capital expenditure of Rs 200 crore for modernisation and value addition of their world-class manufacturing facilities in Pune based on lean principles; continuous evolution of modern systems and cutting-edge processes, while enhancing productivity, a company statement said here.

Kalyani Forge is also working on getting closer to its global customers by increasing the company's presence in international markets, it said.
The company is exploring several strategic initiatives to meet globally accepted norms on waste management and environment friendliness.
"We will move closer to our global customers with an international presence in the coming quarters as we felt that many of our global customers, especially some top performers, expressed their wishes to enlarge their engagement with us," Kalyani Forge Executive Director Viraj Kalyani said.

The current calendar year has been good so far for the firm in terms of business development since a growing number of customers have selected Kalyani Forge products for their export requirements, the statement said.

Currently, the firm's exports account for 25 per cent of revenue which may scale up to 40 per cent going forward, it said.
The company specialises in manufacture of a variety of intricate profile forgings such as connecting rods, crank shafts, shifter forks, under brackets, valve rocker arms, rotor claws and tulips, shafts which find application in several industries.