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The Vadodara-based Sanghvi Forging and Engineering Ltd (SFEL) on Friday said it has bagged new orders worth Rs 10 crore, a majority of them from the 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 die forging products for the oil & gas, petrochemicals, ship-building, power and other sectors. It has also been exporting products since the last two decades.
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