Ramkrishna Forgings Ltd. wins Domestic order worth INR 90 million in Oil & Gas segment.

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products has won a domestic order worth INR 90 million (USD 1.2 million) from a Multinational Oil & Gas Tier-1 component supplier in India.

Commenting on the order win Mr. Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings Limited said: "This order validates our oil and gas technical capabilities and marks our entry into a new product category. The component supplier will export these components to major Oil & Gas machinery and equipment OEMs in the USA which reiterates our commitment towards maintaining international quality standards. We are also expecting an additional order of approximately USD 2.50 million during the current fiscal year which improves revenue visibility for the segment. This order win is in line with our strategy to strengthen our non-auto business and new product offerings that will enable us to increase content per vehicle and sustainably improve our profitability in the future."

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