gujarat banner
Homemarket Newsstocks News

Ramkrishna Forgings shares near 52-week high after another order win from Europe

Ramkrishna Forgings shares near 52-week high after another order win from Europe

Ramkrishna Forgings shares near 52-week high after another order win from Europe
Read Time
2 Min(s) Read
Profile image

By CNBCTV18.com Oct 31, 2022 3:03:44 PM IST (Published)

Shares of Ramkrishna Forgings are trading near their 52-week high.

wealth-desk wealth-desk

Buy / Sell RamkrishnaForge share

Recommended Articles

View All

Ramkrishna Forgings on Monday announced that it has bagged a four-year contract worth Rs 113.16 crore.


The leading supplier of rolled, forged, and machined products informed the exchanges that a major tier-1 manufacturer of rear and front axles has awarded a four-year contract for the supply of heavy-duty commercial vehicles for its European application worth 13.8 million euros or Rs 113.16 crore.

The management said that the order win strengthen's the company's European portfolio further and raises the profile of its international operations.

Executive Director and CFO Lalit Khetan told CNBC-TV18 last month that the company had won an order for supplying metal bars and has a business potential of almost Rs 80 crore per year.

“This will be to our European OEM and this will start from the next financial year,” Khethan told CNBC-TV18.

The company had bagged a Rs 121.50 crore contract from a Swedish original equipment manufacturer. It had also received an order worth Rs 131.50 core earlier this month, from a tier 1 rear and front axle maker from the United States.

Shares of Ramkrishna Forgings are trading 3 percent higher at Rs 229.35 as of 3 PM. The stock is trading close to its 52-week high of Rs 237.

Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!