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23 November, 2024 19:57 IST |
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Ramkrishna Forgings wins domestic order worth Rs 720 mn
Source: IRIS | 06 Dec, 2021, 12.58PM
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| Rating: NAN / 5 stars. |
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 Ramkrishna Forgings, one of the leading suppliers of rolled, forged and machined products have won a recent biggest domestic order worth Rs 720 million from an Indian OEM in the MHCV segment to be executed over a four-year period.
Commenting on the order win Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings said, "We are excited about the growth opportunities in the Indian CV market. We expect the volumes in the domestic CV market to move northwards in coming quarters. We have built a strong and diverse customer base in India and are now looking to strengthen our presence and gaining market share. This order from the Indian OEM in the MHCV segment is a booster to our growth story.
We are seeing an increase in interest in our products from a variety of customers, not just domestically, but globally as well, because of our quality and consistency. As a strategy, we will continue to increase content per vehicle by offering better products and adding new clients, resulting in higher capacity utilization and profitability in the future."
Shares of the company declined Rs 2.80, or 0.29%, to trade at Rs 964.25. The total volume of shares traded was 6,843 at the BSE (11.35 a.m, Monday).
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