Corporate News     15-Dec-22
Board of Ramkrishna Forgings approves acquisition of up to 51% stake in TSUYO Manufacturing
The Board of Directors of Ramkrishna Forgings has approved an investment to acquire upto 51% voting rights of TSUYO Manufacturing (TSUYO), a Make-In-India start-up company engaged in powertrain solutions for electric vehicles.

TSUYO currently manufactures powertrain solutions for electric vehicles. This proposed investment will help TSUYO to use the technological expertise and manufacturing skills of both organizations to enhance its product portfolio and expand its facilities for the manufacture of motors, controllers, E-axles, and differentials.

The Company plans to invest around Rs. 100 crore over the next 5 (five) years, which is expected to generate a turnover of around Rs. 500 crore by the end of the fifth year.

Previous News
  Ramkrishna Forgings consolidated net profit rises 22.27% in the September 2023 quarter
 ( Results - Announcements 19-Oct-23   16:32 )
  Ramkrishna Forgings to convene board meeting
 ( Corporate News - 08-Sep-22   17:19 )
  Ramkrishna Forgings to convene board meeting
 ( Corporate News - 26-Sep-23   10:11 )
  Ramkrishna Forgings consolidated net profit rises 52.81% in the June 2023 quarter
 ( Results - Announcements 26-Jul-23   15:44 )
  Board of Ramkrishna Forgings recommends interim dividend
 ( Corporate News - 20-Oct-23   10:35 )
  Ramkrishna Forgings schedules board meeting
 ( Corporate News - 04-Jan-24   16:57 )
  Ramkrishna Forgings standalone net profit rises 92.04% in the June 2022 quarter
 ( Results - Announcements 21-Jul-22   16:33 )
  Ramkrishna Forgings allots 1241 equity shares under ESOP
 ( Corporate News - 17-Feb-21   17:20 )
  Ramkrishna Forgings soars after bagging multi-year order from multinational tier-1 OEM
 ( Hot Pursuit - 02-Aug-21   14:00 )
  Ramkrishna Forgings allots 20,862 equity shares
 ( Corporate News - 05-Aug-21   13:44 )
  Ramkrishna Forgings wins order from leading Scandinavian Automotive OEM
 ( Corporate News - 25-Oct-21   10:52 )
Other Stories
  Share India Securities allots 16.92 lakh equity shares on conversion of warrants
  06-Jul-24   13:11
  Tinna Trade raises Rs 49 cr to fund its growth plans
  06-Jul-24   11:10
  Integra Essentia announces merger with G G Engineering
  06-Jul-24   11:05
  Ugro Capital to raise Rs 75 cr via NCD issuance
  06-Jul-24   10:58
  Board of D.P. Abhushan approves preferential allotment of shares and warrants
  06-Jul-24   10:50
  Life Insurance Corporation of India invest Rs 14 cr in Sri Lankan subsidiary
  06-Jul-24   10:49
  High Energy Batteries (India) to discuss results
  06-Jul-24   10:29
  Havells India schedules board meeting
  06-Jul-24   10:29
  Axis Bank announces board meeting date
  06-Jul-24   10:29
  Mastek to conduct board meeting
  06-Jul-24   10:29
Back Top