Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products has won an export order worth INR 250 million (USD 3.5 million per annum) from a North American customer in Oil & Gas segment.
Commenting on the order win Mr. Naresh Jalan, Managing Director, Ramkrishna Forgings Limited said: "This order substantiates our technical capabilities for Oil & Gas sector. This is a supply contract of new product to our existing customer in North America which will deepen our relationship further. This is in-line with our strategy to improve our revenue share of non-auto segment and strengthen our exports business further. We hope the current buoyancy in the market continues as this would entail additional repeat business for us. We continue to explore newer opportunities to strengthen our nonauto business overall with an eye to improve our exports revenues which will enable us to improve our profitability sustainably going forward."
Shares of Ramkrishna Forgings Ltd. was last trading in BSE at Rs. 1017.95 as compared to the previous close of Rs. 993.55. The total number of shares traded during the day was 34906 in over 1511 trades.
The stock hit an intraday high of Rs. 1033.95 and intraday low of 998.95. The net turnover during the day was Rs. 35434327.