This company's 'lottery', orders worth crores received for Vande Bharat trains; Shares also galloped
Vande Bharat: After getting the order for the Vande Bharat train, the shares of the company have seen good growth. On April 15, shares of Ramakrishna Forgings Limited rose by about 3 per cent. Today the company's shares closed at 706.80, up 2.6 percent. In the last year, the company has made a profit of 129 per cent. The company also does business in countries like America, Mexico, Türkiye and Belgium.
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Ramakrishna Forgings Limited has received an order worth Rs 270 crore for Vande Bharat Train. The company said in a regulatory filing on Monday that it has received an order worth Rs 270 crore from a BHEL-led consortium for the supply of bogie frames of Vande Bharat train sets. RKFL said in a statement that the scope of the project includes the development and verification of a bogie frame for the sleeper version of the Vande Bharat train set.
According to the information, this order includes 32 train sets, each of which has 16 coaches and RKFL will produce a total of 1,024 bogie frames. The order worth Rs 270 crore is to be supplied to the BHEL TRSL consortium, the statement said.
Securing the prestigious order is a testament to our unwavering pursuit of excellence and creative thinking, according to Lalit Kumar Khaitan, Whole Time Director and CFO of Ramakrishna Forgings Limited. We are in favour of "Made in India" and the development of rail transport.
The company's stock has increased significantly since this order. Shares of Ramakrishna Forgings Limited increased by roughly 3% on April 15 following receipt of the order. The company's stock ended the day up 2.6% at 706.80. The company has made a 12.9 per cent profit in the past year.
Kolkata-based Ramakrishna Forgings Company produces screw couplings, bolster suspensions, side frame keys and draw gears for railway coaches and wagons. The company also does business in countries like America, Mexico, Türkiye and Belgium.
