Ramkrishna Forgings Secures ₹270 Crore Order for Vande Bharat Train Set

On April 15, 2024, Ramkrishna Forgings Limited announced in an exchange filing that the company secured a significant order for the prestigious Vande Bharat Train Set. This order, valued at ₹270 crore, is to be supplied to the Titagarh Rail Systems Limited (TRSL) and Bharat Heavy Electricals Limited (BHEL) consortium, marking a pivotal moment in Ramkrishna Forgings Limited’s journey towards excellence in rail infrastructure development.

The company stated that the scope of this project involves developing and validating the Bogie Frame for the sleeper version of the Vande Bharat Trainset. Ramkrishna Forgings Limited’s expertise and commitment to innovation make it the perfect partner for this critical endeavour.

This order comprises 32 train sets, each containing 16 coaches. Consequently, Ramkrishna Forgings will be producing a total of 1,024 bogie frames, showcasing the company’s capacity to handle large-scale and intricate manufacturing requirements.

Commenting on the significant order for the prestigious Vande Bharat Train Set, the Whole Time Director and CFO of Ramkrishna Forgings Limited, Mr Lalit Kumar Khetan, said, “Securing

this prestigious order is an indication of our relentless pursuit of excellence and innovative approach. Receiving this order underscores the Company’s dedication to providing top-notch solutions for the railway industry.”

He further added, “We are honoured to support the Government’s “Make in India” initiative and the advancement of rail transport in the country by leveraging our expertise in manufacturing high-quality bogie frames.”

The company also stated that its proven track record in precision engineering and adherence to stringent quality standards positions it as a trusted partner for major infrastructure projects. Ramkrishna Forgings Limited is committed to ensuring timely delivery and exceeding customer expectations.

About Ramkrishna Forgings Limited

Ramkrishna Forgings Limited was incorporated to manufacture forged products. The company has state-of-the-art manufacturing facilities at Jamshedpur, along with offices in Detroit, Toluca, Monterrey, Istanbul, and warehousing facilities in various international locations.

In Q3 FY 2024, the company reported a net profit of ₹82.26 crore, up by approximately 42.87%, as compared to ₹57.57 crore in Q3 FY 2023.

On April 15, 2024, the share price of Ramkrishna Forgings Limited opened at ₹673.00, touching the day’s high at ₹709.70, as of 10:28 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.