Comments
The Vadodara-based Sanghvi Forging and Engineering Ltd said it has bagged new orders worth Rs 10 crore, majority of them from power and oil and gas sectors. The BSE-listed company has received 15 per cent of orders for exports, and orders worth Rs 4.5 crore for a new plant. The current order book stands at Rs 25 crore, according to a company statement. Around 45 per cent of the current orders are from a new plant commissioned recently. The fact that, despite an economic slowdown, power sector orders are trickling in is encouraging, said Jayanti B. Sanghvi, Managing Director. Sanghvi Forging manufactures open and closed dye forging products for the oil & gas, petrochemicals, ship building, power and other sectors. It is also exporting products since the last two decades.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.