Ramkrishna Forgings soars on securing order for Vande Bharat Train Set
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Ramkrishna Forgings is currently trading at Rs. 700.05, up by 10.85 points or 1.57% from its previous closing of Rs. 689.20 on the BSE.
The scrip opened at Rs. 626.05 and has touched a high and low of Rs. 709.40 and Rs. 626.05 respectively. So far 51911 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 814.95 on 01-Dec-2023 and a 52 week low of Rs. 292.00 on 18-Apr-2023.
Last one week high and low of the scrip stood at Rs. 713.20 and Rs. 626.05 respectively. The current market cap of the company is Rs. 12631.08 crore.
The promoters holding in the company stood at 43.14%, while Institutions and Non-Institutions held 27.21% and 29.65% respectively.
Ramkrishna Forgings has secured significant order for the prestigious Vande Bharat Train Set. This order, valued at Rs 270 crore, is to be supplied to the BHEL-TRSL consortium, marking a pivotal moment in the Company's journey towards excellence in rail infrastructure development.
The scope of this project involves the development and validation of the Bogie Frame for the sleeper version of the Vande Bharat Trainset. The Company's expertise and commitment to innovation make it the ideal partner for this critical endeavor.
This order encompasses 32 train sets, each comprising 16 coaches. Consequently, the company will be producing a total of 1024 bogie frames, showcasing the company's capacity to handle large-scale and intricate manufacturing requirements.
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.
