Ramkrishna Forgings secures a multi-year order worth Rs 175 crore
A leading supplier of rolled, forged & machined products, Ramkrishna Forgings Limited has won a multi-year order from European Tier 1 customer in the auto segment worth Rs 175 crore i.e. EUR 20 million. The order will be implemented over a timeframe of four years.
This order has helped the company to further strengthen its international portfolio and build a robust order book. It will aid to enhance visibility and brand recall in international markets.
Commenting on the order win, Managing Director of Ramkrishna Forgings Ltd, Naresh Jalan said, “Our company has been doing exceptionally well in both national as well as international markets. We are very confident that on the back of the added capacity and revenue visibility, our company is poised for dramatic growth in near future.”
Ramkrishna Forgings is primarily engaged in the manufacturing & sale of forged components of automobiles, railways, wagons, and engineering parts. It is a preferred supplier to OEMs like Ashok Leyland, Tata Motors, VE Commercial and Daimler in India as well as in overseas markets to Mack Trucks, Volvo, and Ford. The company supplies globally to Tier 1 axle manufacturers such as Sisamex, Meritor, Dana, and American Axle.
The share price of Ramkrishna Forgings jumped 3 per cent to touch a high of Rs 964.75 during Monday’s early market hours.