Ramkrishna Forgings Ltd Share Price (RKFORGE)

Ramkrishna Forgings Faces Setback as Order Put on Hold - 22 Apr, 2024

Shares of Ramkrishna Forgings fell up to 7% after its approval to supply power train components to the largest US electric passenger vehicle producer was put on hold. The company had secured clearance for the project but it has been placed on hold. However, the company's financials show that sales climbed by 36% and net profit grew by 43%. Naresh Jalan, MD of Ramkrishna Forgings, said the company may see 15-20% volume growth in FY25 driven by non-auto segment and exports.

Ramkrishna Forgings Secures Major Supply Order for EV Components - 19 Apr, 2024

Ramkrishna Forgings has secured a significant supply order worth around Rs 400 crore per annum for the next few years from a US-based electric car manufacturer, believed to be Tesla. The new business will help broaden Ramkrishna Forgings' global footprint for EV components.

Ramkrishna Forgings Enters US EV Market - 18 Apr, 2024

Ramkrishna Forgings has secured approval from the largest electric passenger vehicle manufacturer in the US to supply powertrain components. This marks its entry into the US EV market and opens up new opportunities for strategic partnerships.

Ramkrishna Forgings Secures Rs 270-Crore Order for Vande Bharat Trains - 16 Apr, 2024

Ramkrishna Forgings has secured a Rs 270-crore order for Vande Bharat trains and foreign funds have been steadily raising stake in the company. The company had also won a $220-million contract in North American markets earlier this year, with expectations of adding Rs 1.2 billion/Rs 2.3 billion to its order book in FY25/26.

Ramkrishna Forgings Secures Order for Vande Bharat Train Sets - 15 Apr, 2024

Ramkrishna Forgings has secured a significant order worth Rs 270 crore to supply bogie frames for the sleeper version of the Vande Bharat trainset. The order encompasses 32 trainsets, each comprising 16 coaches, and is expected to produce a total of 1,024 bogie frames. The company's shares rose by over 5% on the news.

Ramkrishna Forgings Increases Production Capacity - 04 Apr, 2024

Ramkrishna Forgings has commenced commercial production of two new press lines that will increase its production capacity by 18,250 tonnes per annum. The company invested around Rs. 54.59 crore for the expansion, which was financed through a mix of equity and debt.