Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products has entered into agreement with PwC to make materiality assessment, ESG vision document and implementation roadmap. PwC will develop a ESG Roadmap and integrate it with overall corporate strategy along with implementation of the same. PwC has customised its ESG Strategic Framework to deliver a diagnostic benchmarking study for Ramkrishna Forgings focusing on identifying gaps, shortlisting various initiatives, and designing an implementation of this ESG roadmap.
Commenting on the occasion Mr. Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings Limited said: "We at Ramkrishna Forgings would like to assess the current market practices, review competitive behaviour and understand what gaps lie in our approach to ESG factors. With PwC coming on board, we would strive to improve on each of the ESG parameters enabling us to be an ideal corporate citizen. With integration of ESG strategy in our corporate strategy, we are working towards long-term business sustainability which is expected to result in operational and financial outperformance. Our commitment towards ESG will be reflected in our business practice which will be environmentally sustainable along with socially responsible and supported by strong corporate governance."
Shares of Ramkrishna Forgings Limited was last trading in BSE at Rs. 1163.40 as compared to the previous close of Rs. 1187.05. The total number of shares traded during the day was 29277 in over 2286 trades.
The stock hit an intraday high of Rs. 1209.60 and intraday low of 1158.00. The net turnover during the day was Rs. 34695358.00.