Ramkrishna Forgings Ltd receives order worth INR 150 Million of Fabrication Parts

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products has acquired an order worth INR 150 Million to supply fabrication parts to one of the biggest players in the energy segment.

Commenting on the order win Mr. Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings Limited said: "We have bagged another fabrication order to one of the biggest players in the energy segment strengthening our presence in non-auto sectors. This is in-line with our strategy to improve our revenue share of non-auto segment and diversify our business. This order is a testimony of our products quality and technical strengths in this segment. We continue to explore newer opportunities to strengthen our non-auto business."

Shares of Ramkrishna Forgings Limited was last trading in BSE at Rs. 1191.65 as compared to the previous close of Rs. 1204.60. The total number of shares traded during the day was 27180 in over 1480 trades.

The stock hit an intraday high of Rs. 1213.00 and intraday low of 1186.05. The net turnover during the day was Rs. 32529362.00.

Source : Equity Bulls

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