New Delhi, Dec. 24 -- Ganga Forging share price jumped up to 14% to Rs.3.87 apiece in Wednesday's trading session after the company announced its foray into the Elastic Rail Clip segment.

Ganga Forging's new product launch signals the company's focus on tapping new growth avenues and driving innovation to boost its topline, thus driving investor interest. According to the company, the entry into the Elastic Rail Clip segment will boost annual topline by Rs.48 crore.

Ganga Forging, in an exchange filing, said that the Elastic Rail Clip is a critical railway track fastening component used by Indian Railways.

Elastic Rail Clips play a vital role in securing rails with sleepers and ensuring track stability and operational safety. The produ...