Ramkrishna Forgings secures USD 220 million contract for North American light vehicle segment

Ramkrishna Forgings Limited, a leading supplier of rolled, forged, and machined products, has announced a significant milestone with the successful procurement of a USD 220 million contract. This deal spans over a decade and marks the company's entry into a new vertical within the forging sector, targeting Tier 1 customers in the light vehicle segment across North America.

This achievement cements the company's standing as a key player in the global market, highlighting its dedication to innovation, quality, and customer satisfaction. The venture is expected to expand the company's presence in vital markets and make substantial contributions to the automotive industry's supply chain.

Lalit Kumar Khetan, Whole Time Director & CFO, Ramkrishna Forgings Limited, speaking on the announcement, said "Securing this substantial contract is a testament to our relentless pursuit of excellence and customer-centric approach. We are committed to delivering superior quality forgings that drive value and innovation in the North American light vehicle segment."

Ramkrishna Forgings Limited aims to fulfill the requirements of this contract over the next decade, strengthening its position as an industry leader.