Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products has announced that a market leader in rubber tracks for farm equipment and snowmobiles, as well as in solid and bias tyres for material handling equipment, has awarded us a large business of Metal Bars worth INR 205 million (USD 2.58 million) per year. It is also one of the top three construction market players for track and tyre solutions for small heavy equipment. This order has a potential to become an annual business of INR 800 Million (USD10 million).
Commenting on the order win Mr. Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings Limited said: “In order to significantly diversify our presence across various industries, we have secured another order in the non-auto segment. Because of our diverse product line and technology, we have been awarded a significant order worth INR 205 miilion (USD 2.58 million) per year for the supply of Metal Bars. This order demonstrates the international markets’ acceptance of our product quality and technological capability. Our continuous R&D has resulted in a significant expansion of our product portfolio in international and domestic markets, which will undoubtedly open more doors for future growth.”