Ramkrishna Forgings acquires Multitech Auto, Mal Metalliks

Ramkrishna forgings to provide EV components to US giant

Milesh Gandhi, Executive Director of Ramkrishna Forgings, expressed that the collaboration between their company and the EV industry signifies their ongoing dedication to innovation and their ability to meet industry demands. He stated that leveraging their expertise spanning over four decades in forging components, they take pride in providing products that assist customers in saving valuable development time and accelerating market entry. Gandhi added that through their continuous innovations, they maintain a commitment to creating value for customers and contributing to the global advanceme..

Ramkrishna Forgings Bags Rs.2.70 Bn Vande Bharat Train Order

Ramkrishna Forgings Limited has secured a significant order worth ?2.70 billion for supplying components for Vande Bharat trains. This contract underscores the company's expertise and contribution to India's rail infrastructure development.

The order involves supplying critical components for the production of Vande Bharat trains, which are known for their cutting-edge technology and high-speed performance. Ramkrishna Forgings' involvement in this prestigious project highlights its reputation as a trusted supplier in the railway sector.

Vande Bharat trains, also known as Train ..

NCLT nods Ramkrishna Forgings Amtek subsidiary acquisition

The bankruptcy court has given its approval for the acquisition of JMT Auto, a listed subsidiary of Amtek Group, by Kolkata-based Ramkrishna Forgings through the corporate insolvency resolution process. Ramkrishna Forgings, which is also listed, has agreed to pay Rs 1.25 billion to acquire JMT Auto, considering its acknowledged financial obligations of more than Rs 1.65 billion.

According to an order dated August 21, a division bench consisting of Ashok Kumar Bhardwaj, judicial member and LN Gupta, technical member stated, "It has been observed from the available records that there ..

PNB Official Accused of Embezzling Rs 5 Crore from Bhopal Firm

The Central Bureau of Investigation (CBI) has charged a Punjab National Bank (PNB) official with embezzling approximately Rs 4.98 crore from a Bhopal-based infrastructure construction company. The head cashier, Mukul Singh, allegedly conspired with a private individual, Vinod Kumar Singh, to commit the fraud.

The incident occurred at PNB?s Delhi Road Branch in Hapur, Uttar Pradesh. According to CBI officials, Mukul Singh, without proper authorization, merged the account of Dilip Buildcon Ltd with that of Vinod Kumar Singh?s company, Star Raze. Subsequently, funds amounting to Rs 4.98 cr..

KMRL's Rs.1.16 Bn Project Delayed Due to Lack of Government Support

The Kochi Metro Rail Limited (KMRL) is experiencing setbacks in its ?1.16 billion project as several government departments have reportedly failed to provide necessary support. The project, aimed at enhancing urban transportation infrastructure in Kochi, has encountered delays due to bureaucratic hurdles and insufficient cooperation from concerned government bodies.

According to sources familiar with the matter, the project's progress has been significantly hampered as key departments have not fulfilled their commitments, including providing essential clearances and approvals. This lack..