Ramkrishna Forgings wins First Export order worth INR 130 crs from an OEM in a CIS country

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products has won an export order worth INR 130 crs (Euro 15 million) from an OEM in a CIS country for the period of 3 years.

Commenting on the order win Mr. Naresh Jalan, Managing Director, Ramkrishna Forgings Limited said: "With this order win we continue to strengthen our international business. This is our first order from this OEM which is a testimony to our product quality and strong technical capabilities. The order marks a beginning of a long-term relationship with a new customer and into a new geography as this is also our first order from CIS region. As a strategy, we are very focused on expanding our international business by entering newer geographies and this order win reinforces our confidence. With festive season round the corner and the recent uptrend in commercial vehicle sales in domestic market, we expect operating leverage to kick-in leading to a strong performance for the year."

Shares of Ramkrishna forgings Ltd. was last trading in BSE at Rs. 976.85 as compared to the previous close of Rs. 984.9. The total number of shares traded during the day was 14426 in over 819 trades.

The stock hit an intraday high of Rs. 993.95 and intraday low of 972.95. The net turnover during the day was Rs. 14165574.

Source : Equity Bulls

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