Ramkrishna Forgings bags order worth Rs 156 crore, stock rallies 4%

Ramkrishna Forgings Limited, a prominent player in supplying forged components for automobiles, has announced that the company has received an order. 

As per the filling report, the company has received an order worth Rs 156 crore (17.2 million Euros) from a Eurasian customer in the farm equipment industry. This contract is set to span four years, which translates to an annual contract value of about 4.31 million Euros. 

This success highlights the company’s strong position as a supplier of rolled, forged, and machined products and demonstrates its ability to secure long-term contracts in a competitive market. 

Under the terms of this agreement, the company will supply top-quality forged and machined components, specifically catering to transmission and engine parts. 

This partnership will extend over four years, establishing a long-term association between the two entities. 

The contract underscores the exceptional quality and reliability that the company has consistently delivered to its clients in the farm equipment industry. This successful collaboration exemplifies the Company’s dedication to providing tailored solutions that meet the unique demands of its customers. 

Lalit Kumar Khetan, Whole Time Director & CFO of Ramkrishna Forgings Limited, said, “We are delighted and honoured to be chosen for this significant partnership. This contract not only reflects our capabilities as a premier provider of forged and machined components but also reinforces the trust our customers place in our expertise. We are committed to delivering products of the highest quality and contributing to the growth of the Eurasian Farm Equipment industry.” 

Today, the shares of the company commenced trading at Rs 661.10 and finally concluded trading at Rs 669.60 each on the BSE. This represents a 2.57% increase or Rs 16.75 up from the previous day’s closing price of Rs 652.85 apiece. 

The market capitalization of the company is Rs 10,706 crore. Additionally, the stock has delivered an impressive return of 87% in just three months and 1248% in the last three years. 

Investors must keep an eye on this stock. 

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.