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Ramkrishna Forgings Ltd secures US$220 Million Contract to Supply to Light Vehicle Segment Across North America
Posted On : 2024-02-20 11:38:29( TIMEZONE : IST )
Ramkrishna Forgings Limited ("the Company"), one of the leading suppliers of rolled, forged, and machined products has announced a significant milestone as it penetrates further into North American market by successfully securing a contract worth US$220 million. This contract spans over a decade and marks the company's foray into a new vertical within the forging sector, focusing on supplying Tier 1 customers in the Light Vehicle segment across North America.
The order win solidifies the Company's position as a key player in the global market and underscores its commitment to innovation, quality, and customer satisfaction. With this venture, the company is poised to further expand its offering in key markets and contribute significantly to the automotive industry's supply chain and aims to deliver top-notch products that meet and exceed the rigorous standards of the automotive industry.
Mr. Lalit Kumar Khetan, Whole Time Director & CFO, Ramkrishna Forgings Limited said, "Securing this substantial contract is a testament to our relentless pursuit of excellence, customer-first approach and our dedication to delivering exceptional products and services. We are honored to collaborate with our esteemed Tier 1 customer and are fuily committed to delivering superior quality forgings that drive value and innovation in the North American Light Vehicle segment. With this, the Company is poised to further strengthen its foothold in the automotive forging market while continuing to explore avenues for growth and expansion."
This contract reaffirms the Company's position as an industry leader known for its reliability, innovation, and commitment to delivering exceptional results. Over the next decade, the Company will leverage its extensive expertise, state-of-the-art facilities, and relentless pursuit of innovation to fulfill the requirements of this contract.
