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ramkrishna forgings Ltd. Capital/Financing Update 2021
61233_rns_2021-08-04_57ef9b0c-47ff-4f4b-a862-b289544b9cd2.pdf
Capital/Financing Update
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RAMERISHNA FORGINGS LIMITED
Date: 4% August 2021
The Listing Department The Listing Department Mumbai - 400 001 Mumbai- 400051
Bombay Stock Exchange National Stock Exchange of India Limited P] Towers "Exchange Plaza" C-1, Block G Dalal Street Bandra- Kurla Complex, Bandra (E)
BSE SCRIP CODE: 532527 NSE SYMBOL: RKFORGE
Dear Sir / Madam,
Sub: Announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 — Press Release
Please find enclosed the Press Release titled "Wins first order in EV segment from Foreign Multinational Tier 1 GEM Opens new possibilities for global expansion".
Request to kindly take the same into record.
Thanking You,
Yours truly, For Ramkrishna [sy NS iS 5 i "a f imited Rajesh Mundh Company Secre x OY
Encl. As above
CLS POO) AU Olga e
23 CIRCUS AVENUE, KOLKATA 700017, WEST BENGAL, INDIA rae PHONE : (+91 33)4082 0900 / 7122 0900, FAX: (+91 33)4082 0998 / 7122 0998 GROWTH OW EMAIL: [email protected], Website: www.ramkrishnaforgings.com CHAMPIONS CIN NO. :L74210WB1981PLC034281 oe
Wins first order in EV segment from Foreign Multinational Tier 1 OEM Opens new possibilities for global expansion
3 rd August 2021, Kolkata: Ramkrishna Forgings Limited, one of the leading supplier of rolled, forged and machined products has received its first ever order in EV segment from a Foreign Multinational Tier 1 OEM in India. The order marks beginning of a new segment for the Company having possibilities for global expansion.
Commenting on the order win Mr. Naresh Jalan, Managing Director, Ramkrishna Forgings Limited said: "This is our first order in EV segment which is testimony to our diverse technological expertise enabling us to further diversifies our product offerings. With strong growth seen in EV segment globally this order will enable us to further strengthen our relationship with existing customers as well as new ones in due course. Further our foray into EV segment augur well for us given our strategy of added emphasis on newer geographies globally."
About Ramkrishna Forgings Limited
Ramkrishna Forgings was Incorporated in 1981 with the objective to manufacture forged products. The Annualized installed capacity after commissioning of Hollow Spindle Line and new 7000 Ton Press Line is 177,200 MT. With headquarters at Kolkata, the company has state-of-the-art manufacturing facilities at Jamshedpur and Howrah along with offices at Detroit in USA and Toluca in Mexico besides having warehousing facilities at Hagerstown, Louisville, Detroit in USA and Toluca and Monterrey in Mexico, Over the years, the company increased its forging and die making capacities and added machining and heat treatment facilities, including isothermal annealing, which enabled it to undertake manufacturing of components for OEMs and Tier 1 companies, The Company is certified in terms of TS 16949, OSHAS 18001 and ISO 14001 and is a manufacturer of supplier of open and closed die forgings of carbon and alloy steel, micro alloy steel and stainless steel forgings which can be supplied in As Forged + Heat Treated + Machined and Fully assembled condition as per the customer's requirement.
The Company is suppliers to various sectors like Automotive, Railways, Farm Equipment, Bearings, Oil & Gas, Power and Construction, Earth Moving & Mining, both in India & overseas markets. The Company is a critical safety item supplier for Screw Coupling, Bolster suspension, Side frame keys and Draw Gear Assembly for Railway Coaches and wagon. It is a preferred supplier to OEMs like TATA Motors, Ashok Leyland, VE Commercial and Daimler in India and to Volvo, Mack Trucks, Iveco, Ford in the overseas markets. It supplies globally to Tier 1 axle manufacturers like Dana, Sisamex, Meritor and American Axles.
Safe Harbour
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.
| For further information, please contact: | |||
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| -- | ------------------------------------------ | -- | -- |
| Company: | Investor Relations Advisor: | |
|---|---|---|
| Ramkrishna Forgings Ltd.CIN: L74210WB1981PLC034281Mr. Lalit Kumar Khetan | Strategic Growth Advisors Pvt. Ltd.CIN: U74140MH2010PTC204285Mr. Jigar Kavaiya | |
| Executive Director & CFOE: [email protected] | E: [email protected]T: +91 9920602034 | |
| www.ramkrishnaforgings.com | www.sgapl.net |