IIFL SECURITIESNov 17, 2021Hilton Metal Forging becomes first Indian MSME company to develop Indigenous Solid Forged Railway...These wheels are very complex to manufacture and there are very few players globally to develop these wheels.Hilton Metal Forging Limited (Hilton), one of India’s leading manufacturers & Exporters of steel forged flanges, fittings & oilfields, and marine products become the first company MSME to develop, receive Approval and supply 100% indigenous Solid Forged Railway Wheels (Narrow Gauge).The Forged IR Bogies Railway Wheels are also being in demand due to short supply as pure import substitutes and the annual demand for wheels amounts to Rs300cr. These wheels are very complex to manufacture and there are very few players globally to develop these wheels.Read more at IIFL SECURITIES
These wheels are very complex to manufacture and there are very few players globally to develop these wheels.Hilton Metal Forging Limited (Hilton), one of India’s leading manufacturers & Exporters of steel forged flanges, fittings & oilfields, and marine products become the first company MSME to develop, receive Approval and supply 100% indigenous Solid Forged Railway Wheels (Narrow Gauge).The Forged IR Bogies Railway Wheels are also being in demand due to short supply as pure import substitutes and the annual demand for wheels amounts to Rs300cr. These wheels are very complex to manufacture and there are very few players globally to develop these wheels.Read more at IIFL SECURITIES
