Ramkrishna Forgings has bagged a contract worth INR 205 million ($2.58 million) per year for supplying metal bars to a provider of rubber tracks for farm equipment and snowmobiles.
The company, which has awarded the contract is also engaged in solid and bias tyres for material handling equipment, and is a major construction market player for track and tyre solutions for small heavy equipment.
According to Ramkrishna Forgings, the order can potentially provide an annual business of INR 800 million ($10 million).
Based in Kolkata, Ramkrishna Forgings is a supplier of rolled, forged, and machined products.
Lalit Khetan — Ramkrishna Forgings Executive Director and CFO said: “In order to significantly diversify our presence across various industries, we have secured another order in the non-auto segment. Because of our diverse product line and technology, we have been awarded a significant order worth INR 205 miilion (USD 2.58 million) per year for the supply of Metal Bars.
“This order demonstrates the international markets’ acceptance of our product quality and technological capability. Our continuous R&D has resulted in a significant expansion of our product portfolio in international and domestic markets, which will undoubtedly open more doors for future growth.”
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