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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.
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