Ramkrishna Forgings adds Rs 95 crore to its order book in two days
Ramkrishna Forgings Ltd which manufactures and supplies forged products has won two deals worth Rs 30 crore and the other of Rs 65 crore in two days.
The latest order, which it announced today is from one of the biggest OEMs in the oil and gas exploration segment in North America worth Rs 30 crore per annum. The order has been the testimony for the company’s diversification into the segment.
On September 22 it had bagged an order worth Rs 65 crore in the non-auto segment for the supply of mining and earthmoving components from an Indian subsidiary of Hitachi. The order would be fulfilled in FY22 and FY23. The order has been crucial to strengthen the company’s non-auto segment.
Ramkrishna Forgings Ltd is one of the leading suppliers of rolled, forged and machine products. It supplies to varied sectors such as automotive, railways, farm equipment, bearing, oil & gas, etc.
The share price of the company has a 52-week high and low of 1100 and 266.3 respectively. The stock was trading flat and closed at 1036.35 today on BSE.