The forging company said that the contract extends over a period of 4 years, resulting in an annual contract valued at around 4.31 million euros.

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

Ramkrishna Forgings is a manufacturer of forged products. It manufactures closed die forgings of carbon and alloy steel, micro alloy steel and stainless-steel forgings. It supplies its products to various sectors, including automotive, railways, farm equipment, bearings, oil & gas, power and construction, earth moving & mining. The company is a critical safety item supplier for undercarriage, Bogie & Shell parts for railway passenger coaches and locomotives.

On a consolidated basis, net profit of Ramkrishna Forgings rose 52.81% to Rs 78.53 crore on 27.60% increase in net sales to Rs 892.34 crore in Q1 June 2023 over Q1 June 2022.