El Forge increases turnover and profit

El Forge specializes in forged auto components like those required for engines, transmissions, steering and suspension, brake assembly, chassis, etc. for four and two wheelers.

According to V Srikanth, executive chairman, "The company has taken several measures on the manufacturing end to become more competitive in delivering increased range of forgings to the automobile industry. With the growth in the automobile industry seen in the last few quarters, the Company's order book position is comfortable to show the growth of 40 per cent in the next financial year."

He added that as a part of the restructuring exercise the company has been able to rationalise its capital assets by relocating one of the units and consolidating the same.

El Forge's initiatives for improvement in the productivity and the quality consciousness has sharpened the delivery systems and reduced conversion costs by 5 per cent over the years.