RKFL wins recent Biggest Domestic order worth INR 720 Million for MHCV segment

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products have won a recent biggest domestic order worth INR 720 Million from an Indian OEM in the MHCV segment to be executed over a four-year period.

Commenting on the order win Mr. Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings Limited said: "We are excited about the growth opportunities in the Indian CV market. We expect the volumes in the domestic CV market to move northwards in coming quarters. We have built a strong and diverse customer base in India and are now looking to strengthen our presence and gaining market share. This order from the Indian OEM in the MHCV segment is a booster to our growth story. We are seeing an increase in interest in our products from a variety of customers, not just domestically, but globally as well, because of our quality and consistency. As a strategy, we will continue to increase content per vehicle by offering better products and adding new clients, resulting in higher capacity utilization and profitability in the future."

Shares of Ramkrishna Forgings Limited was last trading in BSE at Rs. 944.85 as compared to the previous close of Rs. 964.35. The total number of shares traded during the day was 11221 in over 1006 trades.

The stock hit an intraday high of Rs. 985.00 and intraday low of 940.70. The net turnover during the day was Rs. 10855858.00.

Source : Equity Bulls

Keywords

RamkrishnaForgingsLimited INE399G01015 RKFORGE DomesticOrder IndianOEM MHCVSegment