Ramkrishna Forgings wins export order worth Rs105 crore from US-based trailer manufacturers

10 May 2022 , 01:43 PM

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products has received a multi-year export order worth Rs105 crore per annum from the a leading manufacturer of chassis-related systems and components primarily for trailers as well as for trucks and buses in the USA. The Supplies is expected to commence from CY -2023.

Commenting on the order win Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings Limited said: “We have received another order in the United States from one of the largest trailer manufacturers thereby cementing our strong presence in the country. This order win validates our strong technical and R&D capabilities, product quality, operational excellence, and continuous hard work of our team.

We are witnessing an increasing acceptance of products by a diverse range of customers across segments and geographies. We are continuing our growth trajectory as a result of new orders, client additions, and anticipated repeat orders which should propel us towards our strategic priorities of improving revenue mix as well as operational efficiencies leading to better profitability and in-turn will help us achieve our goal of being net debt free.”

Ramkrishna Forgings was trading at Rs172.70 apiece up by Rs0.3 or 0.17% on the BSE, at around 1:45 PM.