Ramkrishna Forgings Limited wins domestic multi-year order from Foreign Multinational Tier 1 OEM worth INR 51 Crores

Ramkrishna Forgings Limited, one of the leading supplier of rolled, forged and machined products has received domestic order worth INR 51 Crores from a Foreign Multinational Tier 1 OEM. The order is to be implemented over the period of 3 years distributed equally.

Commenting on the order win Mr. Naresh Jalan, Managing Director, Ramkrishna Forgings Limited said: "This order strengthens our domestic orderbook further. This order is a testimony of our strong operational capabilities meeting global standards. Post the lockdown restrictions implemented in face of 2nd wave of Covid, domestic markets have gradually started opening and order allocation activity has been resumed. We estimate better sales and improvement in profitability from both domestic as well as international markets in future based on the orderbook that we have aided by our ability to customise products as per clients' requirements."

Shares of Ramkrishna Forgings Ltd. was last trading in BSE at Rs. 826 as compared to the previous close of Rs. 835.2. The total number of shares traded during the day was 23956 in over 524 trades.

The stock hit an intraday high of Rs. 851 and intraday low of 815. The net turnover during the day was Rs. 20049436.

Source : Equity Bulls

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