Hilton Metal Forging Ltd has approved a ₹320 million rights issue to strengthen its capital base. The funds will support debt reduction, working capital, and expansion projects. Analysts see the move as enhancing financial flexibility and competitiveness, aligning with rising demand in India’s infrastructure and energy sectors.
Hilton Metal Forging Ltd has announced the approval of a ₹320 million rights issue, a strategic move aimed at strengthening its capital base and supporting future expansion. The company, known for manufacturing forged components for sectors such as oil & gas, power, and automotive, is positioning itself to capture new opportunities in India’s industrial growth story.
Key highlights from the announcement:
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The rights issue will enable existing shareholders to purchase additional shares at a discounted price, ensuring broader participation in the company’s growth.
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Hilton Metal Forging plans to utilize the proceeds to reduce debt, enhance working capital, and fund capacity expansion projects.
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Industry analysts view the rights issue as a step toward improving financial flexibility, allowing the company to invest in technology upgrades and expand its product portfolio.
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The move comes at a time when India’s infrastructure and energy sectors are witnessing robust demand for forged components, creating favorable market conditions.
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By strengthening its balance sheet, Hilton Metal Forging aims to boost competitiveness and long-term shareholder value.
This rights issue underscores Hilton Metal Forging’s commitment to growth and resilience in a dynamic industrial landscape.
Sources: Reuters, Economic Times, Business Standard