Ramkrishna Forgings Ltd wins yet another Export order worth INR 300 Million per annum from North America in Oil & Gas segment

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products has won an yet another export order worth INR 300 Million (USD 4 million per annum) from the same North American Customer in Oil & Gas Segment.

Commenting on the order win Mr. Naresh Jalan, Managing Director, Ramkrishna Forgings Limited said: "Our foray into Oil & Gas Exploration sector is reaping rich dividends. We have bagged a significant order of INR 300 Million (USD 4 Million per annum) one of the biggest OEM majors in Oil & Gas for pipe fitting parts in North America. This order further strengthens our penetration into this sector and is in line with the strategy to diversify its portfolio across sectors and geographies. With the pandemic behind us and all global markets are back to pre-Covid levels, this bodes well for us as a brand and opens lots of opportunities within this sector. We expect to receive repeat orders considering the current buoyancy in the market."

Shares of ramkrishna forgings Ltd. was last trading in BSE at Rs. 1035.65 as compared to the previous close of Rs. 1040.75. The total number of shares traded during the day was 25849 in over 834 trades.

The stock hit an intraday high of Rs. 1069 and intraday low of 1035. The net turnover during the day was Rs. 27023245.

Source : Equity Bulls

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