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Ramkrishna Forgings has received an order to supply undercarriage parts to a renowned European Railway Passenger Coach manufacturer. The contract is valued at 4.5 million euros and is set to be fulfilled within a span of two years.
Lalit Kumar Khetan, whole-time director & CFO, Ramkrishna Forgings said, "This order not only strengthens our position in the market but also expands our export potential in this vertical. We are confident that our advanced manufacturing capabilities, coupled with our focus on quality and customer satisfaction, will enable us to surpass expectations and forge long-lasting partnerships."
Kolkata-headquartered Ramkrishna Forgings specializes in the manufacture of forged products, and has a wide range of customers in the automotive, railway, farm equipment, bearings, oil & gas, power and construction, and earth moving & mining sectors. The company is a preferred supplier to OEMs such as TATA Motors, Ashok Leyland, VE Commercial, and Daimler.
The firm's consolidated net profit decilned 18.4% to Rs 68.45 crore despite of 24% jump in net sales to Rs 891.64 crore in Q4 FY23 over Q4 FY22.
Shares of Ramkrishna Forgings surged 6.77% to Rs 411.60 on Tuesday, 13 June 2023.
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