Ramkrishna Forgings Limited, one of the leading supplier of rolled, forged and machined products have received its first-ever order in the EV segment from a Foreign Multinational Tier 1 OEM in India.
The order marks the beginning of a new segment for the Company having possibilities for global expansion, the company said in the press note.
Commenting on the order win Mr. Naresh Jalan, Managing Director, Ramkrishna Forgings Limited said: “This is our first order in EV segment which is testimony to our diverse technological expertise enabling us to further diversifies our product offerings. With strong growth seen in EV segment globally this order will enable us to further strengthen our relationship with existing customers as well as new ones in due course.”
“Further our foray into EV segment augur well for us given our strategy of added emphasis on newer geographies globally,” MD added.
Ramkrishna Forgings Ltd ended at Rs906.95 up by Rs3.2 or 0.35% from its previous closing of Rs903.75 on the BSE.
The scrip opened at Rs905 and touched a high and low of Rs952.30 and Rs901.05 respectively.