Comments
Ramkrishna Forgings Limited’s shares were up after the company announced a breakthrough by expanding its presence into the South American market. The company has won a substantial contract valued at 8.25 Million Euros (approximately Rs. 73.65 crore) from a European OEM and Tier 1 supplier.
Also Read | Ramkrishna Forgings secures Rs 156-crore contract
As part of this agreement, Ramkrishna Forgings will supply front and rear axle components for the next five years, reflecting a yearly commitment of 1.65 Million Euros. This long-term partnership highlights the trust and confidence between the company and its industry-leading clients.
The shares were up by 0.77 per cent to Rs. 659 at 10.35 a.m. on the BSE.
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.