On June 14, Ramkrishna Forgings’ share touched a 52-week high of Rs 429, rising 4% in the early trade after safeguarding a 4.5-million-euro order from a European railway passenger coach producer.

Ramkrishna Forgings mentioned that the order, which has to be accomplished in two years, will offer the company an opportunity to increase its mark in the European railways.

The order indicates the trust placed in the company’s competencies and will boost revenue from the fabrication vertical, the company mentioned. The order will also generate an additional opportunity for the business to expand and diversify its footprint in European railways.

Lalit Kumar Khetan, Whole-time Director & CFO of Ramkrishna Forgings, mentioned that they are delighted to receive this prestigious order from the prominent European railway passenger coach manufacturers. This achievement climaxes the trust and confidence of clients in our fabrication capabilities.

This order will reinforce market positions and expand our export potential in this vertical. At 9:22 am, Ramkrishna Forgings was trading at Rs 421.65, up Rs 10.05, or 2.44% on the BSE.