Ramkrishna Forgings Ltd wins order in Driveline segment from leading Scandinavian Automotive OEM

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products has been awarded a business in the driveline segment from a leading Scandinavian Automotive OEM.

Commenting on the order win Mr. Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings Limited said: "We are excited about growth opportunities in European market and have built a strong and diversified customer base in this region. This order in Driveline segment from leading Scandinavian Automotive OEM is a testimony of our commitment towards increasing presence in European Automotive market. OEMs are pleased to partner with us given our technologically advanced products, R&D capabilities, and operational excellence. We are seeing an increased interest from various customers globally for our products because of our quality and consistency and new orders being entrusted. Our foray into the European market has reaped rich dividends over the last couple of years and we are confident that this trajectory to continue in future."

Shares of Ramkrishna Forgings Limited was last trading in BSE at Rs. 1201.05 as compared to the previous close of Rs. 1210.60. The total number of shares traded during the day was 12533 in over 737 trades.

The stock hit an intraday high of Rs. 1218.90 and intraday low of 1184.00. The net turnover during the day was Rs. 15023988.00.

Source : Equity Bulls

Keywords

RamkrishnaForgings INE399G01015 RKFORGE OrderWin DrivelineSegment AutoOEM Europe