Ramkrishna Forgings receives export order worth INR 1,215 million for EV Component Business from a major Swedish OEM

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products informs that a reputed Swedish OEM major has awarded a long-term supply contract worth Euro 15 million (INR 1,215 million) for 2 components for an Electric Vehicle (EV), for supplies till 2030.

Commenting on the order win Mr. Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings Limited said: "We are pleased to announce that we have been awarded long-term Electric Vehicle components contract to supply Tie Rod Arm Tag and Spring Link from a well-known OEM based in Sweden. This order will be carried out in stages and supplies will ramped-up till 2030. This order signifies not only our strong product development capability, but also the trust that large OEMs have in Ramkrishne Forgings. in the emerging era Electric Vehicles, we have demonstrated our competence in this space through this contract. We are confident in our ability to use this contract to strengthen our foothold into the EV space going forward."

Source : Equity Bulls

Keywords

RamkrishnaForgings SwedishOEM OrderWin ElectricVehicle