Ramkrishna Forgings spurts ~6% on bagging biggest domestic order from India's largest MHCV OEM

15 Mar 2022 , 10:20 AM

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged, and machined products have won an order worth Rs750 million per annum from India’s largest OEM in the MHCV segments.

Commenting on the order win Mr. Naresh Jalan, Managing Director, Ramkrishna Forgings Limited said: “With Indian CV segment showing signs of uptrend we are optimistic about the opportunities it will present in the future. We have established a strong presence among domestic customers and are steadily cementing our position on the back of recent order wins.

He further added, “The Rs750 million per annum order win from India’s largest MHCV OEM demonstrates superior product quality and strong execution capabilities. We are seeing an increasing acceptance of our products from a wide range of customers across segments and geographies. We continue our growth trajectory on the back of new orders and expected repeat orders which will propel us to our target.”

Ramkrishna Forgings is a leading manufacturer of forged products, incorporated in 1981. 

Ramkrishna Forgings Ltd is currently trading at Rs193.70 up by Rs12.25 or 6.75% from its previous closing of Rs181.45 on the BSE. The scrip opened at Rs183 and has touched day’s high and low of Rs197.25 and Rs183 respectively.