Forging

Ramkrishna Forgings Q2 results: PAT grows to Rs 183 cr, income at Rs 952 cr

Ramkrishna Forgings on Thursday reported an over two-fold jump in its profit after tax to Rs 183 crore during the September quarter, on higher income. It posted Rs 80 crore Profit After Tax (PAT) in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income rose to Rs 952.43 crore from Rs 867.97 crore in the year-ago period. In a separate statement, the company said its board has also approved the first interim dividend of Re 1 per equity share for the FY25. During the quarter, Ramkrishna Forgings signed a share purchase agreement to sell its 100 per cent stake in its wholly-owned subsidiary, Globe All India Services to Yatra Online, for a cash consideration of Rs 128 crore (net of debt). In the September quarter, the board also approved the establishment of an Aluminium Forging Facility in Jamshedpur. It has sanctioned an investment of Rs 57.5 crore for the facility, which will primarily serve the electric vehicle

Ramkrishna Forgings, Balkrishna Ind: Stock strategies for Janmashtami 2024

Technical charts suggests that Ramkrishna Forgings, Balkrishna Industries and KIMS can potentially rally up to 16 per cent from present levels; check key support, resistance levels here

Ramkrishna Forgings receives order worth $220 million in North America

Ramkrishna Forgings on Tuesday said it has secured a USD 220 million (about Rs 1,800 crore) order in North America. "The contract spans over a decade and marks the company's foray into a new vertical within the forging sector, focusing on supplying tier 1 customers in the light vehicle segment across North America," the company said in a statement. The value of the contract is USD 220 million, it said. "We are fully committed to delivering superior quality forgings that drive value and innovation in the North American Light Vehicle segment. With this, the company is poised to further strengthen its foothold in the automotive forging market while continuing to explore avenues for growth and expansion," Lalit Kumar Khetan, Whole Time Director & CFO, Ramkrishna Forgings said. The Kolkata-based company is a manufacturer and supplier of closed-die forgings of carbon and alloy steel, micro-alloy steel and stainless steel forgings. The company's stock settled at Rs 760.80 on Tuesday, up

Bharat Forge Q3 results: Profit up over 220% to Rs 254 cr, stock tanks 14%

The company's stock slid 14.04 per cent on the Bombay Stock Exchange (BSE) on Monday, ending the day's trade at Rs 1,130.3 apiece

Happy Forgings, RBZ Jewellers, Credo Brands end their debut at premium

Post listing, Happy Forgings commands a market capitalization of Rs 9,701 crore, and it plans to utilize the proceeds of its net issue to purchase plant and machinery and repay its loans

Foundry & forging units in West Bengal hit by global slowdown and war

The last of a three-part series on export slowdown is a report from the forging & foundry units in Howrah, to assess the losses and job cuts

Balu Forge inks MoU with K'taka govt for Rs 200-cr manufacturing campus

Balu Forge Industries on Tuesday said it has signed a pact with the Karnataka government for setting up a new manufacturing campus at a project cost of Rs 200 crore in Belgaum

Good monsoon strengthens forging industry's sentiments

Forgetech India to kickstart this year to facilitate global best practices in forging