Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
25 September, 2021 00:39 IST
Ramkrishna Forgings wins export order worth Rs 250 mn; Stock jumps over 3%
Source: IRIS | 15 Sep, 2021, 12.18PM
Rating: NAN / 5 stars.
Comments  |  Post Comment


Ramkrishna Forgings, the equipment supplier to various sectors like Domestic and Overseas market on September 15, has won an export order worth Rs 250 million (USD 3.5 million per annum) from a North American customer in Oil & Gas segment.

Naresh Jalan, Managing Director, Ramkrishna Forgings said, "This order substantiates our technical capabilities for Oil & Gas sector. This is a supply contract of new product to our existing customer in North America which will deepen our relationship further. This is in-line with our strategy to improve our revenue share of non-auto segment and strengthen our exports business further."

He added, "We hope the current buoyancy in the market continues as this would entail additional repeat business for us. We continue to explore newer opportunities to strengthen our nonauto business overall with an eye to improve our exports revenues which will enable us to improve our profitability sustainably going forward."

Shares of the company gained Rs 33.10, or 3.25%, to trade at  Rs 1,051.60.  The total volume of shares traded  was  16,013 at the BSE (10.50 a.m., Wednesday).




 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
Aurionpro Solutions expands footprint in payment business - 24-Sep-2021 19:39
Renaissance Global enters into contract with Kirin Advisors - 24-Sep-2021 19:28
PayTM: Leading the FinTech Wave - 24-Sep-2021 19:06
Ircon International wins bid to set-up 500 MW solar power plant - 24-Sep-2021 18:56
JBM Auto receives orders for CNG, Electric buses - 24-Sep-2021 09:06
JBM Auto receives orders for CNG, Electric buses - 24-Sep-2021 09:05
Brigade Enterprises incorporates Tetrarch Developers as wholly-owned subsidiary - 24-Sep-2021 08:53
CAMS and KFintech launch new platform for MF transactions - 24-Sep-2021 08:37
Affle (India) receives US Patent Grants - 24-Sep-2021 08:24
Jubilant Ingrevia arm divests 10% stake in Safe Foods Corporation - 24-Sep-2021 08:08
Adani Enterprises signs agreement with Flemingo and Mumbai Travel Retail - 23-Sep-2021 20:55
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer