Sanghvi Forging & Engineering, an engineering and forging company, today announced that it has bagged orders worth Rs 150 million. Majority of the orders are from the Shipbuilding and power sectors and around 20% companies of exports orders.
"As on May 30, 2014, we are able to get around 20 major approvals from our clients for our 40 tonnes heavy forging plants," the company said.
Commenting on the order Jayanti B Sanghvi, managing director, Sanghvi Forging & Engineering said, ''Our team hard work and perseverance is paying off as a large portion of the orders are being executed at our new plant. Our current orders book of Rs 350 million, which is very encouraging and will impact our revenues in a positive manner. Exports are encouraging for us and is a great encouragement as it will help establish our credentials globally.''
