Ramkrishna Forgings win order in driveline biz from leading Scandinavian Automotive OEM

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."

Oct 26, 2021 11:10 IST India Infoline News Service

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Ramkrishna Forgings has been awarded a business in the driveline segment from a leading Scandinavian Automotive OEM.

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."

Khetan added, "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.”

At around 11.53 am, Ramkrishna was trading at Rs1190.75  per piece down by 1.2% on Sensex.

The stock has touched an intraday high and low of Rs1213 per piece and Rs1186.70 per piece respectively.

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