Ramkrishna Forgings Ltd wins export order worth Rs. 520 million in Mining & Earthmoving segment for supply of Engine Components

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products has won an order worth more than USD 7 million p.a. in Mining & Earthmoving segment for supply of Engine Components to one of the biggest Engine Component manufacturers in the world.

Commenting on the order win Mr. Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings Limited said: "This order win further substantiates our technical capabilities for Mining & Earthmoving segment. With this order win we are able to further strengthen our presence in this segment and we are very optimistic that this segment will grow with current buoyancy in the sector. This order is a testimony of acceptance of our product quality and technological ability in the international markets. Our continuous R&D has resulted in marking additional and strong foray for us in the engine components segment in the overseas markets and is bound to open more doors in the future."

Shares of Ramkrishna Forgings Limited was last trading in BSE at Rs. 1208.65 as compared to the previous close of Rs. 1199.45. The total number of shares traded during the day was 22029 in over 1817 trades.

The stock hit an intraday high of Rs. 1212.75 and intraday low of 1176.00. The net turnover during the day was Rs. 26366887.00.

Source : Equity Bulls

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