February 20, 2024
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RK Forgings secures $220 million contract in North America
Ramkrishna Forgings Limited, a supplier of rolled, forged, and machined products, on Tuesday announced that it has secured a contract worth $220 million in North America. This contract, it added, 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.
With this venture, the company is poised to further expand its offering in key markets and contribute significantly to the automotive industry’s supply chain and aims to deliver products that meet and exceed the standards of the automotive industry.
Lalit Kumar Khetan, Whole Time Director & CFO, Ramkrishna Forgings Limited, said, “Securing this substantial contract is a testament to our relentless pursuit of excellence, customer-first approach and our dedication to delivering exceptional products and services. We are honored to collaborate with our esteemed Tier 1 customer and are fully committed to delivering superior quality forgings that drive value and innovation in the North American Light Vehicle segment. With this, the Company is poised to further strengthen its foothold in the automotive forging market while continuing to explore avenues for growth and expansion.”
This contract, it said, reaffirms the company’s position as an industry leader known for its reliability, innovation, and commitment to delivering exceptional results. “Over the next decade, the Company will leverage its extensive expertise, state-of-the-art facilities, and relentless pursuit of innovation to fulfill the requirements of this contract,” it added.
