Happy Forgings Limited Wins Multi-Year Contract for Power Generation Components
Happy Forgings Limited has secured a major order from a North American client to supply precision-engineered, machined components for power generation applications. This long-term contract spans a minimum of five years, with potential extensions. Supply is set to begin in Q2 of fiscal year 2026 (FY26) and continue through FY31. At full supply volume, the annual order value is estimated at approximately ₹28 crore, with the total contract valued between ₹135-145 crore over the contract period.
Client Overview
The client is a prominent North American manufacturer of power generation equipment, serving industrial, commercial, and residential markets. The specific name of the client remains undisclosed.
Contract Highlights
- Supply of precision-engineered, machined components.
Strategic Impact of the Order
This contract solidifies Happy Forgings Limited’s role as a trusted supplier in the global power generation industry, with significant contributions expected to the company’s revenue over the next five years and potentially beyond.