ramkrishna forgings Ltd. — Capital/Financing Update 2021

Sep 24, 2021

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Wins yet another Export order worth INR 300 Million per annum from North America in Oil & Gas segment (USD 4 million per annum)

September 24, 2021, Kolkata: Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products has won an yet another export order worth INR 300 Million (USD 4 million per annum) from the same North American Customer in Oil & Gas Segment.

Commenting on the order win Mr. Naresh Jalan, Managing Director, Ramkrishna Forgings Limited said: “Our foray into Oil & Gas Exploration sector is reaping rich dividends. We have bagged a significant order of INR 300 Million (USD 4 Million per annum) one of the biggest OEM majors in Oil & Gas for pipe fitting parts in North America. This order further strengthens our penetration into this sector and is in line with the strategy to diversify its portfolio across sectors and geographies. With the pandemic behind us and all global markets are back to pre-Covid levels, this bodes well for us as a brand and opens lots of opportunities within this sector. We expect to receive repeat orders considering the current buoyancy in the market”

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. headquartered at Kolkata, the company has state-of-the-art manufacturing facilities at Jamshedpur along with offices at Detroit in USA, Toluca and Monterrey in Mexico, Istanbul in Turkey having warehousing facilities at Hagerstown, Louisville, Detroit in USA, Toluca, Monterrey in Mexico and Westerloo in Belgium. 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 & supplier of 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 undercarriage, Bogie & Shell parts for railway passenger coaches and locomotives. It is a preferred supplier to OEMs like TATA Motors, Ashok Leyland, VE Commercial and Daimler in India and to Volvo, Mack Trucks, Iveco, DAF, Scania, MAN, UD Trucks and Ford otosan in the overseas markets. It supplies globally to Tier 1 axle manufacturers like Dana, 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.

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For further information, please contact:

Company: Investor Relations Advisor: Strategic Growth Advisors Pvt. Ltd. Ramkrishna Forgings Ltd. CIN: U74140MH2010PTC204285 CIN: L74210WB1981PLC034281 Mr. Lalit Kumar Khetan Mr. Jigar Kavaiya Executive Director & CFO E: lalit.khetan@ramkrishnaforgings.com E: jigar.kavaiya@sgapl.net T: +91 9920602034 www.sgapl.net www.ramkrishnaforgings.com