The Captain Amarinder Singh led Punjab government’s efforts to augment the state’s industrial prowess got a major boost on Thursday with M/s Happy Forgings Limited (HFL), one of India’s leading players in auto-components, announcing their decision to set up a large manufacturing facility in Punjab with a proposed investment of Rs. 550 cores in Ludhiana.

The company has already acquired about 20 acres of land and has initiated the process of seeking statutory clearance from Invest Punjab for the project, which will generate direct employment of a minimum of 1000 and indirect employment opportunities for a minimum of 5000 people in the State. 

Backed by state-of-the-art forging and machining facilities, HFL is engaged in manufacturing of forged & machined components for Engines, Transmissions, Suspension, Railways, Oil & Gas. HFL has number of products in its portfolio such as Crank Shafts, Front Axle Beams, Steering Knuckles, Spindles, Differential Case, Connecting Rods, Tie Rod Assembly, Piston Pins, Gear Blanks, Hubs, Crown & Pinions.

The company is a trusted supplier to many Indian and global renowned automobile manufactures such as Ashok Leyland, Mahindra & Mahindra, JCB, Escorts, Swaraj Tractors, International Tractors (Sonalika), Eicher Tractors, Meritor Italy, Meritor Sweden, Oerlikon Grazanio (Dana), Yanmar Japan, American Axles, Automotive Axles, Jost, Eaton, Daimler etc.