Ramkrishna Forgings Ltd wins first order in EV segment from Foreign Multinational Tier 1 OEM

Ramkrishna Forgings Limited, one of the leading supplier of rolled, forged and machined products has received its first ever order in EV segment from a Foreign Multinational Tier 1 OEM in India. The order marks beginning of a new segment for the Company having possibilities for global expansion.

Commenting on the order win Mr. Naresh Jalan, Managing Director, Ramkrishna Forgings Limited said: "This is our first order in EV segment which is testimony to our diverse technological expertise enabling us to further diversifies our product offerings. With strong growth seen in EV segment globally this order will enable us to further strengthen our relationship with existing customers as well as new ones in due course. Further our foray into EV segment augur well for us given our strategy of added emphasis on newer geographies globally."

Shares of Ramkrishna Forgings Ltd. was last trading in BSE at Rs. 901.5 as compared to the previous close of Rs. 872. The total number of shares traded during the day was 25986 in over 1132 trades.

The stock hit an intraday high of Rs. 909.95 and intraday low of 886. The net turnover during the day was Rs. 23354501.

Source : Equity Bulls

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