Sanghvi Forging & Engineering Ltd (SFEL), one of the leading engineering and forging companies in India today announced that it has bagged orders worth Rs 6 crore.
We have bagged orders from both the domestic and overseas market. Majority of the orders have been secured from the Indian ship building sectors, which will further boost our order book, a company statement said here.
Some of these orders have been for the new plant which is expected to commence soon, it said.
Commenting on the order Jayanti Sanghvi, Managing Director, Sanghvi Forging said, "We have started receiving orders for our new plant which will have a huge impact on our growth and will help us bag more orders."
Sanghvi Forging is engaged in manufacturing of open and closed die forging products for the oil & gas, petrochemicals, ship building, power and other sectors. It also exports products to various foreign countries over the last two decades.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.