Stock Report

Ramkrishna Forgings Ltd bags order worth INR 50 Crores per annum from International Tractors Ltd

Posted On : 2021-10-01 11:06:45( TIMEZONE : IST )

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products has won an order worth INR 50 Crores per annum from one of the leading Tractor OEM in India for supply of Tractor & Farm Equipments.

Commenting on the order win Mr. Naresh Jalan, Managing Director, Ramkrishna Forgings Limited said: "In a bid to significantly diversify its presence among the various industries, we have made a big leap towards securing a dominant position in the Tractor & Farm Equipments industry. With a huge range of products to offer to this industry owing to its varied technology, we have been successfully awarded with a significant order worth INR 50 crores per annum from a leading Tractor OEM based in North India. The Tractor industry has shown strong recovery during and post pandemic period and this order strengthens our presence into this sector and bodes well for the future. With expectations of growth trends to continue we foresee repeat orders in coming years."

Shares of ramkrishna forgings Ltd. was last trading in BSE at Rs. 1084.7 as compared to the previous close of Rs. 1061.75. The total number of shares traded during the day was 25111 in over 685 trades.

The stock hit an intraday high of Rs. 1098 and intraday low of 1069.9. The net turnover during the day was Rs. 27278956.

Source : Equity Bulls