Ramkrishna Forgings secures Rs 156-crore contract

Arushi Mishra Updated - August 24, 2023 at 01:55 PM.

Share spikes up on news of the contract

Ramkrishna Forgings Ltd’s shares were up 3.70 per cent after the company announced it had won a four-year contract worth 17.2 million euros (approximately Rs 156 crore) from a Eurasian leader in the farm equipment industry. The annual contract value is approximately 4.31 million euros.

The company shares were up 3.70 per cent at Rs 677 at 11.33 am on the BSE. At 1:50 pm, the stock was quoted at Rs 671.20, up 2.81 per cent.

Published on August 24, 2023 08:24

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