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27 November, 2021 19:14 IST
Ramkrishna Forgings wins non-auto segment order worth Rs 650 mn
Source: IRIS | 22 Sep, 2021, 01.09PM
Rating: NAN / 5 stars.
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Ramkrishna Forgings, the equipment supplier to various sectors like Domestic and Overseas market, has won a non-auto segment order worth Rs 650 million for supply of mining and earthmoving components from an Indian arm of Hitachi. This order will be supplied in FY22 and FY23.

Commenting on the order win, Naresh Jalan, Managing Director, Ramkrishna Forgings said, "With this order win we are moving closer to our target of strengthening our non-auto business further. Mining and earthmoving sector is an important part of this diversification strategy. This order win is a testimony of our product quality and technology prowess as the equipments operates in tough environment and the components should be able to perform flawlessly under these conditions continuously. Looking at the current buoyancy in the sector, we expect not only to bag further repeat orders but also the order size to increase in the coming years."

Shares of the company gained Rs 17.10, or 1.68%, to trade at  Rs 1,033.15.  The total volume of shares traded  was 19,650 at the BSE (11.50 a.m.,Wednesday).

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