Ramkrishna Forgings wins Rs 65cr non-auto segment order from Hitachi unit
Ramkrishna Forgings said that it has bagged a non-auto segment order worth INR 65 crores from an Indian arm of Hitachi for supplying mining and earthmoving components.
The Indian supplier of rolled, forged, and machined products said that the order will be supplied in FY22 and FY23.
Naresh Jalan — Managing Director of Ramkrishna Forgings said: “With this order win we are moving closer to our target of strengthening our non-auto business further. Mining and earthmoving sector is an important part of this diversification strategy.
“This order win is a testimony of our product quality and technology prowess as the equipments operates in tough environment and the components should be able to perform flawlessly under these conditions continuously. Looking at the current buoyancy in the sector, we expect not only to bag further repeat orders but also the order size to increase in the coming years.”
Last month, Ramkrishna Forgings said that it had won an order worth €20 million from an undisclosed European Tier 1 customer in the auto sector.