Archive · 8 Oct 2026
Maiden Forgings H1 Revenue Rises 16% to ₹127 Crore
Maiden Forgings makes iron and steel products.
In the first half of FY27, it earned about ₹127 crore from operations, which was more than in the same period a year earlier.
It also sold more products by weight.
The company started using a new factory in Bhojpur in July 2026.
It sold a piece of unused land and says it will use the money to expand its manufacturing facilities.
Its longer-term plan is to raise production capacity to 62,000 tonnes.
It also wants to make more of certain products and supply more government and defence-linked customers.
CRISIL kept the company’s long-term credit rating at BBB/Stable.
Maiden Forgings reported first-half FY27 revenue from operations of about ₹127 crore, up approximately 16% year on year.
Sales volume reached about 19,239.35 metric tonnes, an increase of 14.2% year on year.
The company began operations at its new Bhojpur facility in July 2026, completing Phase I of its Unit II consolidation.
It sold vacant industrial land in Ghaziabad for ₹12.90 crore and plans to use the proceeds to develop and expand manufacturing facilities.
Maiden Forgings plans to expand capacity to 62,000 tonnes and grow selected product lines and government and defence-linked business.
- Who
- Maiden Forgings Limited
- What
- Reported first-half FY27 revenue of about ₹127 crore and sales volume of about 19,239.35 metric tonnes, while outlining manufacturing and business expansion plans.
- When
- The results cover the first half of fiscal year 2027; the Bhojpur facility began operations in July 2026.
- Where
- The company’s new manufacturing facility is in Bhojpur; the land it sold was in Bulandshahr Road Industrial Area, Ghaziabad.
- Why
- The company says facility consolidation is intended to improve workflows, delivery timelines, utilisation and operating efficiency, while its expansion plans aim to increase capacity and broaden products and institutional business.
- H1 FY27 revenue from operations
- Approximately ₹127 crore, up about 16% year on year
- H1 FY27 sales volume
- Approximately 19,239.35 metric tonnes, up about 14.20% year on year
- Bhojpur facility
- Operations began in July 2026; Phase I of Unit II consolidation was completed
- Estimated consolidation savings
- Approximately ₹25 lakh per month upon full completion
- Land sale
- Vacant land in Ghaziabad sold for ₹12.90 crore
- Credit rating
- CRISIL reaffirmed BBB/Stable for ₹42.50 crore of bank loan facilities
- Planned manufacturing capacity
- The company aims to scale overall iron and steel products capacity to 62,000 tonnes