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Ramkrishna Forgings receives long-term supply contract worth Rs 121.5 crore

21 Oct 2022 Evaluate

Ramkrishna Forgings has received a long-term supply contract worth Euro 15 million (Rs 121.5 crore) from a reputed Swedish OEM major for 2 components for an Electric Vehicle (EV), for supplies till 2030. This order will be carried out in stages and supplies will ramped-up till 2030. This order signifies not only the company’s strong product development capability, but also the trust that large OEMs have in the company.

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 1735.00
Ramkrishna Forgings 694.25
MM Forgings 630.45
Happy Forgings 1684.30
Balu Forge Inds. 501.55
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