Chandigarh, September 17, 2025:
To further boost Punjab’s industrial development and make business operations easier under the leadership of National Convenor Shri Arvind Kejriwal and Chief Minister Shri Bhagwant Singh Mann, Cabinet Minister Shri Sanjeev Arora announced that Happy Forgings Limited (HFL) will invest ₹1,000 crore in Ludhiana district, Punjab. Happy Forgings Limited is a leading unit in the manufacturing of auto and engineering specialty products and ranks as the third-largest company in the engineering manufacturing sector in India.
Addressing the media, Cabinet Minister Shri Sanjeev Arora highlighted that HFL focuses on forging and machining high-quality products for both domestic and export markets. The company caters to a wide range of sectors including commercial vehicles, passenger vehicles, agricultural equipment, off-highway segments, power generation, railways, oil and gas, wind turbines, and defense. After being listed on the stock exchange in December 2023, HFL emerged as one of Punjab’s largest listed companies in FY 2024–25, with a market capitalization of ₹10,000 crore and revenue of ₹1,409 crore.