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Ramkrishna Forgings gets LoI to manufacture front axle beam

28 Dec 2021 Evaluate

Ramkrishna Forgings has received Letter of Intent (LoI) worth Rs 22.5 crore ($3 million) per annum from Major Tier 1 Axle Manufacturer in Mexico for manufacturing of front axle beam. Earlier, the company had won recent biggest domestic order worth Rs 72 crore from an Indian OEM in the MHCV segment.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

Peers
Company Name CMP
Bharat Forge 2005.00
Ramkrishna Forgings 702.80
MM Forgings 615.85
Happy Forgings 2065.70
Balu Forge Inds. 508.20
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