Stock Report

Ramkrishna Forgings Ltd bags another multi-year order from European Tier 1 customer worth EUR 20 million

Posted On : 2021-08-16 12:10:08( TIMEZONE : IST )

Ramkrishna Forgings Limited, one of the leading supplier of rolled, forged and machined products has won a multi-year order from European Tier 1 customer in auto segment worth EUR 20 million. The order is to be implemented over the period of 4 years distributed equally.

Commenting on the order win Mr. Naresh Jalan, Managing Director, Ramkrishna Forgings Limited said: "With this order win our international portfolio has strengthened further. Our recent orders have been from Tier 1 international customers who have showed their faith in our commitment to quality as well as ability to deliver. These order wins not only improves visibility for our international business but also strengthens our long-term customer relationship. Going forward we can capitalise on this relationship for future orders. Our company has been doing exceptionally well in both national as well as international markets. We are very confident that on back of the added capacity and revenue visibility our company is poised for dramatic growth in near future."

Shares of ramkrishna forgings Ltd. was last trading in BSE at Rs. 935 as compared to the previous close of Rs. 941.85. The total number of shares traded during the day was 27828 in over 762 trades.

The stock hit an intraday high of Rs. 965.9 and intraday low of 932.55. The net turnover during the day was Rs. 26306923.

Source : Equity Bulls