Maiden Forgings Limited (MFL), a prominent manufacturer of bright steel bars and wires based in Mumbai, Maharashtra, India, has reported a remarkable performance in FY26. The company achieved its highest-ever production of 35,546 MT, reflecting an 11.5% growth year-on-year, driven by enhanced operational efficiencies and stable demand from various industries. Revenue surpassed ₹233 crores, marking a 9.5% increase compared to the previous fiscal year.

MFL's growth was bolstered by its expansion into the business-to-government (B2G) sector, where it registered with significant government and defense organizations, including the Ordnance Factory and the Defence Research and Development Organisation (DRDO). The company successfully executed orders for notable clients such as Hindustan Aeronautics Limited (HAL) and Bharat Heavy Electricals Limited (BHEL), reinforcing its credibility in this high-entry-barrier segment.

In FY26, MFL also focused on infrastructure development, with the construction of a new manufacturing facility expected to begin commercial operations by the end of Q1 FY27. This expansion aims to improve production scalability and operational efficiencies, supporting future growth in both B2B and B2G segments. Looking ahead, MFL is optimistic about sustaining its growth momentum into FY27, with a strong pipeline of opportunities and a commitment to operational excellence.