Ramkrishna Forgings bags multi-year export order from US firm

Ramkrishna Forgings’ multi-year export order is worth Rs 105 crore per annum and is from a manufacturer of chassis-related systems and components for trailers, trucks and buses.

Autocar Pro News Desk By Autocar Pro News Desk calendar 10 May 2022 Views icon3998 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Ramkrishna Forgings bags multi-year export order from US firm

Ramkrishna Forgings, suppliers of rolled, forged and machined products has bagged a multi-year export order worth Rs 105 crore per annum from a US-Based leading manufacturer of chassis-related systems and components primarily for trailers as well as for trucks and buses.

The supplies are expected to commence from CY23. Commenting on the order win Lalit Khetan, ED and CFO, Ramkrishna Forgings said, “This order win validates our strong technical and R&D capabilities, product quality, operational excellence, and continuous hard work of our team. We are continuing our growth trajectory as a result of new orders, client additions and anticipated repeat orders which should propel us towards our strategic priorities of improving revenue mix as well as operational efficiencies leading to better profitability and in-turn will help us achieve our goal of being net debt free.”

Ramkrishna Forgings reported a 142.9 percent jump year-on-year in standalone net profit to Rs 86.65 crore in Q4FY22 coupled with 31.9 percent year-on-year rise in revenue from operations at Rs 683.24 crore in Q4 as compared to Q4FY21.

RELATED ARTICLES
Ather 450 Apex to be quickest, most powerful Ather e-scooter yet

auther Autocar Pro News Desk calendar02 Dec 2023

New Apex, which will sit at the top of the current Ather range of e-scooters, will get a 3.7 kWh battery and is set to b...

Hyundai India sells 49,581 units in November, FY2024 first eight-month sales exceed 400,000

auther Autocar Pro News Desk calendar01 Dec 2023

Cumulative April-November 2023 sales at 411,784 units are up 8% YoY and 72% of the company’s record FY2023 sales of 567,...

MG Motor India’s November sales up 2% at 4,154 units

auther Autocar Pro News Desk calendar01 Dec 2023

Cumulative sales in the first eight months of FY2024 are 38,144 units, which constitutes 25% YoY growth