Ramkrishna Forgings acquires an order worth Rs15cr of Fabrication Parts; Stock slips 4%

The company's CFO said that this is in-line with our strategy to improve our revenue share of non-auto segment and diversify our business.

Oct 28, 2021 02:10 IST India Infoline News Service

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Ramkrishna Forgings has acquired an order worth Rs15cr to supply fabrication parts to one of the biggest players in the energy segment.

Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings Limited said: “We have bagged another fabrication order to one of the biggest players in the energy segment strengthening our presence in non-auto sectors. This is in-line with our strategy to improve our revenue share of non-auto segment and diversify our business."

Khetan added, "This order is a testimony of our products quality and technical strengths in this segment. We continue to explore newer opportunities to strengthen our non-auto business.”  

At around 2.59 pm, the company’s stock was trading at Rs1,120 per piece down by 3.9% on Sensex. 

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