Ramkrishna Forgings wins' export order worth Rs575M from North America for the supply of Spindle; Stock gains over 1%

13 Jan 2022 , 12:16 PM

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products has won an export order to supply spindle worth Rs575 Million over a period of 3 years from one of the largest Tier-1 manufacturers in North America in the CV segment.

Commenting on the order win Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings Limited said: “Our strong technical capabilities in the commercial vehicle segment has helped us secure an order from one of the largest TIER-1 manufacturers in North America in the CV segment. This is also a testimony of product quality and our operational excellence.

The supply contract will allow us to strengthen our order book in the exports market further which is in line with our strategy to improve our exports share in overall revenues.”

At around 12.19 PM, Ramkrishna Forgings Ltd was trading at Rs993.65 per piece up by Rs12.3 or 1.25% from its previous closing of Rs981.35 per piece on the BSE.