Ramkrishna Forgings has completed the acquisition of 100% Equity Shares of Resortes Libertad S.A. de C.V. an existing Mexican Company. Pursuant to the said acquisition, Resortes Libertad S.A. de C.V. has become a wholly owned subsidiary of the Company with effective from August 13, 2024.
The Company would set up machining facilities in Mexico, North America. The machines required to set up the facility and the forgings that needs to be machined will be supplied by the Customer in North America under the $3.5 million per annum conversion take or pay agreement for 10 years with the Customers.
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.
