“Our foray into the Oil & Gas Exploration sector is reaping rich dividends. We have bagged a significant order of Rs300 Million (USD 4 Million per annum) one of the biggest OEM majors in Oil & Gas for pipe fitting parts in North America.
This order further strengthens our penetration into this sector and is in line with the strategy to diversify its portfolio across sectors and geographies. With the pandemic behind us and all global markets are back to pre-Covid levels, this bodes well for us as a brand and opens lots of opportunities within this sector. We expect to receive repeat orders considering the current buoyancy in the market," Naresh Jalan, Managing Director, Ramkrishna Forgings Limited, said.
Towards close of trade on Friday, Ramkrishna Forgings Ltd was trading at Rs1,035.40 per piece down by Rs1.15 or 0.11% from its previous closing of Rs1,036.55 per piece on the BSE.