LGB Forge Share Price

LGB Group of Industries was founded in 1937 as a Transport Company, which grew into a diversified manufacturing company. LGB added various operations and grew to a Midcap company by 2000 and got incorporated as a public limited company on June 7, 2006. The Company is into manufacturing of Cold and Hot forged components and has its manufacturing unit at Tamil Nadu, Karnataka and Pondicherry. To focus its activities in core business, LGB concentrated in transmission products such as Chains, Sprockets, Auto Tensioners, Fine Blanked components Forged and Machining components and aligned its manufacturing facilities to meet the demand of its global customers. Apart from these, it supplied products to non automotive segments like Valve and infrastructure equipment industry. The company has four business segments including cold forging division, hot and warm, forging division, and hot forging division. They supply their products to all the reputed companies in India as well as select customers in abroad.In March 2008, as per the scheme of arrangement, the entire business and assets of forging unit of L.G.Balakrishnan Bros Ltd was demerged and transferred to the company effective April 1, 2008.From August 1, 2008, the equity shares of the company were listed on Bombay Stock Exchange Ltd and The National Stock Exchange of India Ltd.During the year 200910, the company increased the production capacity of Forging Division by 75 tonnes to 3,075 tonnes.The Company sold the Machining Division in Pondicherry through Slump Sale as a going concern basis to M/s. L.G.Balakrishnan Bros Limited effective April 1, 2024. It started a new Hot Forging Unit at Coimbatore, with operations from January 2025. The Chennai facility is at the threshold to start operations by the end of the second quarter of 2026.