Ramkrishna Forgings bags Rs 15 cr fabrication parts order
Company News

Ramkrishna Forgings bags Rs 15 cr fabrication parts order

Ramkrishna Forgings Limited has bagged a Rs 15 crore order for supplying fabrication parts to one of the biggest players in the energy segment.

The executive director and chief financial officer (CFO) of Ramkrishna Forgings, Lalit Khetan, said that the company had acquired another fabrication order from one of the biggest players in the energy sector, strengthing its presence in non-auto sectors.

The order is under the line to improve its revenue share of the non-auto segment and expand its business. He added that the company would continue to explore new opportunities to strengthen its non-auto business.

It is a manufacturing and supplying company of open die and closed die forgings of carbon and alloy steel, micro-alloy steel and stainless steel forgings.

It witnessed a consolidated net profit of Rs 44.06 crore in the second quarter (Q2) of FY22, compared to a consolidated net profit of Rs 1.45 crore in Q2 FY21. The net sales during the quarter increased by 129.7% year-on-year (YoY) to Rs 578.82 crore.

In its year-to-date (YTD) model, the company's stock has increased to 148.26%, while the benchmark Sensex has added 28.92% in the same period.

Image Source

Ramkrishna Forgings Limited has bagged a Rs 15 crore order for supplying fabrication parts to one of the biggest players in the energy segment. The executive director and chief financial officer (CFO) of Ramkrishna Forgings, Lalit Khetan, said that the company had acquired another fabrication order from one of the biggest players in the energy sector, strengthing its presence in non-auto sectors. The order is under the line to improve its revenue share of the non-auto segment and expand its business. He added that the company would continue to explore new opportunities to strengthen its non-auto business. It is a manufacturing and supplying company of open die and closed die forgings of carbon and alloy steel, micro-alloy steel and stainless steel forgings. It witnessed a consolidated net profit of Rs 44.06 crore in the second quarter (Q2) of FY22, compared to a consolidated net profit of Rs 1.45 crore in Q2 FY21. The net sales during the quarter increased by 129.7% year-on-year (YoY) to Rs 578.82 crore. In its year-to-date (YTD) model, the company's stock has increased to 148.26%, while the benchmark Sensex has added 28.92% in the same period. Image Source

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000