Hot Pursuit     15-Mar-23
RK Forge soars after consortium emerges as L-1 bidder for Railways Ministry contract
Ramkrishna Forgings jumped 5.31% to Rs 279.55 after the company's consortium with Titagarh Wagons emerged as the lowest (L-1) bidder for supply of forged wheels to the Ministry of Railways, Government of India.

Shares of Titagarh Wagons advanced 0.87% to currently trade at Rs 243.90 on the BSE.

The consortium has to manufacture and supply around 15,40,000 wheels to the Indian Railways over a period of twenty years.

Ramkrishna Forgings (RK Forge) manufactures forged products. The company is suppliers to various sectors like automotive, railways, farm equipment, bearings, oil & gas, power and construction, earth moving & mining, both in India & overseas markets.

The company's consolidated net profit rose 34.60% to Rs 61.04 crore on a 29.30% increase in sales to Rs 777.48 crore in Q3 FY23 over Q3 FY22.

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 ( Corporate News - 24-Jul-24   16:44 )
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 ( Corporate News - 20-Feb-24   10:57 )
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 ( Hot Pursuit - 20-Feb-24   11:36 )
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 ( Results - Announcements 18-Jan-24   16:13 )
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 ( Hot Pursuit - 17-Aug-23   10:10 )
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