Rear axle and transmission components contract clinched, signaling strategic expansion.
TWC – In a resounding triumph, Ramkrishna Forgings, a distinguished domestic enterprise, proudly revealed on Monday that it had clinched a lucrative order worth $13.65 million (equivalent to approximately Rs 107 crore) from esteemed North American clients. This momentous achievement is a testament to the company’s unwavering dedication to excellence and underscores its robust presence in the dynamic North American business landscape.
A regulatory filing confirmed that the coveted contract pertains to the supply of rear axle and transmission components, a critical facet of the automotive manufacturing process. With this commendable stride, Ramkrishna Forgings has further fortified its standing within the global market, particularly within the North American terrain.
“Ramkrishna Forgings solidifies its influence across North America by securing an impactful business agreement valued at an impressive $13.65 million. This accord is dedicated to provisioning rear axle and transmission components,” declared a spokesperson for the company.
Diving into the specifics, the accord encompasses the manufacturing and supplying of rear axle and transmission components tailored for vehicles categorized under Class 5, 6, and 7. By embarking on this landmark venture, Ramkrishna Forgings strategically deepens its roots in North America while simultaneously amplifying its presence in the light vehicle segment—a sphere brimming with potential.
Lalit Khetan, an influential figure as the Whole Time Director and CFO of Ramkrishna Forgings Limited, expressed profound gratification on this achievement. “This monumental accolade signifies the company’s steadfast dedication to attaining excellence and showcases our firm establishment in the North American domain. Beyond merely echoing our commitment to addressing the evolving market requisites, it also illuminates our steadfast resolve to deliver avant-garde solutions that impel the industry towards a progressive future,” articulated Khetan.
The recent accomplishment exemplifies Ramkrishna Forgings’ unswerving commitment and underscores its proclivity for innovation and groundbreaking solutions. As the company forges ahead, fortified by this remarkable achievement, it is destined to chart new trajectories of success, carving its niche in the competitive global business landscape.