The Ghaziabad facility will consolidate Unit II and III of Maiden Forgings, streamline the company’s operations, and support 5-7 years of expansion.

Jun 3, 2025

Maiden Forgings Limited (MFL),a manufacturer of bright steel bars and wires, has acquired a land parcel of 4 acres in Modinagar, Ghaziabad, to improve its operational efficiencies and increase manufacturing capacity.

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The company said in an exchange filing that the facility would consolidate Unit II and III, streamline its operations, and support 5-7 years of expansion. The Unit II land sale has been finalized, with proceeds earmarked for the new facility, working capital, and debt reduction.

The funds realized from the monetization of Unit II would further strengthen Maiden Forging’s financial position, supporting business growth through increased working capital and a healthier balance sheet by repaying existing debt.

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“With over three decades of industry presence, a quality-driven product portfolio, and a continuous focus on operational excellence, we are well-positioned to expand our market share. We aim to leverage strong industry tailwinds and infrastructure-led growth in India, while maintaining our focus on international markets,” it added.