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Ramkrishna Forgings rises on commencing commercial production at Jharkhand facility
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Ramkrishna Forgings is currently trading at Rs. 496.15, up by 7.80 points or 1.60% from its previous closing of Rs. 488.35 on the BSE.
The scrip opened at Rs. 486.05 and has touched a high and low of Rs. 497.00 and Rs. 486.05 respectively. So far 4436 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 498.95 on 18-Jul-2023 and a 52 week low of Rs. 158.70 on 20-Jul-2022.
Last one week high and low of the scrip stood at Rs. 498.95 and Rs. 441.00 respectively. The current market cap of the company is Rs. 7810.84 crore.
The promoters holding in the company stood at 46.27%, while Institutions and Non-Institutions held 19.57% and 34.16% respectively.
Ramkrishna Forgings has commenced commercial production of 13,700 ton per annum (TPA) of R A Shaft - Press Line and 10,100 TPA of a 5’’ Upsetter at Mouza Dugni, PO Kolabira, Dist. Saraikella, Kharswan, Jharkhand from July 18, 2023. This will enhance the production capacity of the Company by 23,800 ton per annum.The total production capacity of the Company will now be 2,10,900 TPA.
Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.
