Ramkrishna Forgings stock rises over 4% on Rs33 crore export order win

21 Apr 2022 , 03:06 PM

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged, and machined products has won an export order with an estimated business value of Rs33 crore over 5 years from Europe’s leading Tier-1 axle manufacturer for the Front Axle Business.

On Thursday at around 3:09 PM, Ramkrishna Forgings was trading at Rs191.20 apiece up by Rs7.95 or 4.34% from its previous closing of Rs183.25 apiece on the BSE.

Commenting on the order win Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings Limited said: “As a result of this order win, our international portfolio has grown even stronger. Our recent orders have come from Tier 1 international customers who have proven their trust in our ability to deliver quality products on time.

These orders not only increase the visibility of our international business but also strengthen our long-term customer relationships. We will be able to capitalize on this relationship in the future for future orders. Our company has performed admirably in both domestic and international markets. We are confident that our company will experience rapid growth in the future as a result of increased capacity and revenue visibility.”