Ramkrishna Forgings bags €16m contract, strengthens European presence in OEM sector

Ramkrishna Forgings Limited, a frontrunner in rolled, forged, and machined product supplies, has clinched a lucrative business contract valued at 16 million Euros (approximately Rs. 1,450 million). This achievement comes under a four-year long-term agreement, further cementing the Company’s stature in the European Original Equipment Manufacturer (OEM) domain.

After a successful five-year stint supplying Front Axle Components to the same OEM, Ramkrishna Forgings has now been tasked with producing and delivering Differential components. This new venture into Rear Axle components is indicative of the Company’s unparalleled quality and reliability, opening doors for deeper collaboration and elevating its profile in the European sector.

This contract heralds a strategic milestone for the Company. Capitalizing on its reputable track record and proficiency, the enterprise is diving into a fresh segment of automotive components. Such strides not only diversify its product offerings but also affirm its commitment to enhancing vehicle efficiency and performance in Europe.

Lalit Kumar Khetan, the Whole Time Director & CFO of Ramkrishna Forgings Limited, expressed his enthusiasm, stating, “This pivotal contract is a reflection of the unwavering trust OEMs have in our product quality and capability. It reiterates our dedication to innovation, precision, and meeting customer needs. As we embark on this new chapter, our eyes are set on solidifying and expanding our footprint in the European marketplace.”