Ramkrishna Forgings jumps 3% on Rs 270-cr Vande Bharat order

The shares of the company have fallen 10 percent in the last three months.

Shares of Ramkrishna Forgings Limited climbed 3 percent to Rs 709 on April 15 after the company secured Rs 270-crore orders for Vande Bharat trains.

The scope of this project involves the development and validation of the bogie frame for the sleeper version of the Vande Bharat trainset. This order encompasses 32 trainsets, each comprising 16 coaches. the company said in a regulatory filing.

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"Ramkrishna Forging's track record in precision engineering and adherence to quality standards positions the company as a trusted partner for major infrastructure projects. Ramkrishna Forgings is committed to ensuring timely delivery," the company said in a regulatory filing.

In February, the company secured a $220-million contract in the North American markets. This 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 release.

At 12pm, the stock was trading at Rs 703, up 2.2 percent from the previous close on the NSE. The shares of the company have fallen 10 percent in the last three months.

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