August 30, 2023, Kolkata: Ramkrishna Forgings Limited (“the Company”), one of the leading suppliers of rolled, forged, and machined products is pleased to announce a significant milestone as it penetrates further into the South American market. Strengthening its foothold in the region, the Company has been awarded a substantial business contract worth 8.25 Million Euros (approx. INR 73.65 Crores) by a prominent European OEM & Tier 1 supplier. This momentous agreement underscores the Company’s commitment to excellence and innovation in the automotive components space.
Under the terms of this agreement, the Company will be supplying front and rear axle components for the next 5 (five) years. This contract reflects a commitment of 1.65 Million Euros per year, a testament to the enduring partnership between the Company and these industry leaders.
This contract underscores the Company’s unwavering dedication to technological advancement, precision engineering, and unparalleled customer service. This achievement not only demonstrthe Company’s exceptional product quality and reliability but also showcases the commitment to establishing itself as a key player in the South American automotive landscape.
Mr. Lalit Kumar Khetan, Whole Time Director & CFO, Ramkrishna Forgings Limited said, “This contract represents a significant step in our journey to expand and diversify our operations in the South American market. We are honoured to be chosen for this partnership which signifies not only our prowess in providing high-quality components but also solidifies our commitment to fostering innovation and excellence. This partnership exemplifies our dedication to enhance mobility solutions and driving impactful growth in the dynamic Brazilian market.”
With this partnership, the Company anticipates not only solidifying its presence in South America but also continuing its tradition of delivering high-quality automotive components that drive innovation and performance.
About Ramkrishna Forgings Limited
Ramkrishna Forgings Limited was incorporated in 1981 with the objective to manufacture forged products. The Annualized installed capacity after commissioning of RA Shaft line, 5”upsetter, Hollow Spindle Line, a new 7,000 Ton Press Line, a 2,000 Ton warm/hot Forming Press, and a fabrication facility is 2,10,900 MT. Headquartered at Kolkata, the company has state-of-the-art manufacturing facilities at Jamshedpur along with offices at Detroit in USA, Toluca and Monterrey in Mexico, Istanbul in Turkey having warehousing facilities at Hagerstown, Louisville, Detroit in USA, Toluca, Monterrey in Mexico and Westerloo in Belgium. Over the years, the company increased its forging and die making capacities and added machining and heat treatment facilities, including isothermal annealing, which enabled it to undertake manufacturing of components for OEMs and Tier 1 companies. The Company is certified in terms of TS 16949, OSHAS 18001 and ISO 14001 and is a manufacturer & supplier of closed die forgings of carbon and alloy steel, micro alloy steel and stainless-steel forgings which can be supplied in As Forged + Heat Treated + Machined and Fully assembled condition as per the customer’s requirement. The Company is suppliers to various sectors like Automotive, Railways, Farm Equipment, Bearings, Oil & Gas, Power and Construction, Earth Moving & Mining, both in India & overseas markets. The Company is a critical safety item supplier for undercarriage, Bogie & Shell parts for railway passenger coaches and locomotives. It is a preferred supplier to OEMs like TATA Motors, Ashok Leyland, VE Commercial and Daimler in India and to Volvo, Mack Trucks, Iveco, DAF, Scania, MAN, UD Trucks and Ford Otosan in the overseas markets. It supplies globally to Tier 1 axle manufacturers like Dana, Meritor and American Axles.
Safe Harbour
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