Ramkrishna Forgings surges 9% on emerging lowest bidder for Railways order

The total quantity of forged wheels to be supplied will be around 1.54 million wheels over a period of 20 years.

Shares of Ramkrishna Forgings (RKFL) hit a record high of Rs 289.30 as they surged 9 per cent on the BSE in Wednesday’s intra-day trade after the company emerged as the L1 bidder for manufacturing and supply of forged wheels.

Ramkrishna Forgings and Titagarh Wagons (RKFL-TWL Consortium) emerged as the lowest bidder (L1) as per the financial bid opening dated 14 March, 2023, for manufacturing and supply of forged wheels under Aatma-Nirbhar Bharat by the Ministry of Railways, Government of India, the company said in an exchange filing.

The total quantity of forged wheels to be supplied will