Ramkrishna Forgings jumps up by 6.34% to Rs 192.95
Company News

Ramkrishna Forgings jumps up by 6.34% to Rs 192.95

Ramkrishna Forgings increased by 6.34% to Rs 192.95 after the company secured an order of approximately Rs 75 crore per annum from the largest original equipment manufacturer (OEM) in India in the medium and heavy commercial vehicle (MHCV) segments.

Ramkrishna Forgings managing director, Naresh Jalan told the media that as the Indian commercial vehicle (CV) segment is showing signs of uptrend being positive about the opportunities it will bring in the future. The company has established a solid presence among domestic customers and are further steadily cementing their position on the back of recent order wins.

The order win worth Rs 75 crore from India's largest MHCV OEM displays superior product quality as well as strong execution capabilities. The company is seeing an increase in the acceptance of products from a wide range of customers from various segments and geographies. They will continue our growth trajectory with the backing of their new orders and expected repeat orders that will help them in reaching their target.

Ramkrishna Forgings is in the business of making forged products. They are a supplier to different sectors like railways, bearings, earthmoving and mining, power and construction, automotive, farm equipment, oil, and gas in India as well as the overseas markets.

The net profit of Ramkrishna Forgings on a consolidated basis increased by 206.42% to Rs 45.35 crore. There is a 49.27% increase in net sales in Q3 December 2021 to Rs 601.32 crore which was over Q3 December 2020.

Image Source

Also read: Ramkrishna Forgings bags Rs 15 cr fabrication parts order

Ramkrishna Forgings increased by 6.34% to Rs 192.95 after the company secured an order of approximately Rs 75 crore per annum from the largest original equipment manufacturer (OEM) in India in the medium and heavy commercial vehicle (MHCV) segments. Ramkrishna Forgings managing director, Naresh Jalan told the media that as the Indian commercial vehicle (CV) segment is showing signs of uptrend being positive about the opportunities it will bring in the future. The company has established a solid presence among domestic customers and are further steadily cementing their position on the back of recent order wins. The order win worth Rs 75 crore from India's largest MHCV OEM displays superior product quality as well as strong execution capabilities. The company is seeing an increase in the acceptance of products from a wide range of customers from various segments and geographies. They will continue our growth trajectory with the backing of their new orders and expected repeat orders that will help them in reaching their target. Ramkrishna Forgings is in the business of making forged products. They are a supplier to different sectors like railways, bearings, earthmoving and mining, power and construction, automotive, farm equipment, oil, and gas in India as well as the overseas markets. The net profit of Ramkrishna Forgings on a consolidated basis increased by 206.42% to Rs 45.35 crore. There is a 49.27% increase in net sales in Q3 December 2021 to Rs 601.32 crore which was over Q3 December 2020. Image Source Also read: Ramkrishna Forgings bags Rs 15 cr fabrication parts order

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?