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Ramkrishna Forgings completes acquisition of Resortes Libertad S.A. de C.V.

13 Aug 2024 Evaluate

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.

Ramkrishna Forgings Share Price

535.30 1.55 (0.29%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharat Forge 1859.95
Ramkrishna Forgings 535.30
MM Forgings 463.25
Happy Forgings 1336.75
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