Ramkrishna Forgings wins export order worth Rs115 crore from Europe; stock slips ~1%

8 Jun 2022 , 01:12 PM

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged, and machined products have received an export order worth Rs115 crore from a European Tier 1 supplier for a new differential housing case business.

The order is to be completed over a period of 4 years.

Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings Limited commented on the order win: “We are delighted to announce the award of new Differential housing case business by one of the major global Tier 1 suppliers from Europe. The order win will enable us in taking forward our geographical diversification strategy and strengthen our European order book.

By introducing new, high-quality products and moving up the value chain, we continue to diversify and expand our product portfolio.”

At around 1.14 PM, Ramkrishna Forgings was trading at Rs161.85 down by Rs1.1 or 0.68% from its previous closing of Rs162.95 on the BSE. The scrip touched intraday high and low of Rs164.50 and Rs160.60 respectively.