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Business Economy


Ramkrishna Forgings wins export order worth Rs 250 ml from North America in oil & gas segment

Mumbai, Sep 15 (UNI) Ramkrishna Forgings, one of the leading suppliers of rolled, forged and machined products has won an export order worth RS 250 million (USD 3.5 million per annum) from a North American customer in the oil & gas segment, company officials said on Wednesday.
Commenting on the order Mr Naresh Jalan, Managing Director, Ramkrishna Forgings Limited said: "This order substantiates our technical capabilities for the oil & gas sector. This is a supply contract of new products to our existing customer in North America which will deepen our relationship further. This is in-line with our strategy to improve our revenue share of non-auto segment and strengthen our exports business further. We hope the current buoyancy in the market continues as this would entail additional repeat business for us. We continue to explore newer opportunities to strengthen our non-auto business overall with an eye to improve our exports revenues which will enable us to improve our profitability sustainably going forward."
UNI JS ACL1319
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