Multibagger Forgings stock engaged in the manufacturing and sale of forged components for automobiles, railway wagons & coaches, and many more jumped 4 percent in the day’s trade upon receiving Vande Bharat Train Set work order worth Rs. 270 Crores from BHEL. 

With a market capitalization of Rs. 12,702 Crores, the shares of Ramkrishna Forgings Limited were trading at Rs. 704, up 2.15 percent from its previous day’s close price of Rs. 689.20. 

Ramkrishna Forgings Limited has received a significant work order for the prestigious Vande Bharat Train Set worth Rs. 270 Crores from Bharat Heavy Electricals Limited (BHEL). 

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This involves the development and validation of the Bogie Frame for the sleeper version of the Vande Bharat Trainset. The work order encompasses 32 train sets, each comprising 16 coaches. Consequently, Ramkrishna Forgings Limited will be producing a total of 1024 bogie frames. 

In Addition, it has commenced the commercial production of 4,500 MT of ENOMOTO 630 Tonnes Press Line and 13,750 MT of Maxi Press 6,000 Tonnes Press Line, enhancing the production capacity of the Company by 18,250 Tonnes Per Annum (TPA) taking to a total of 2,29,150 Tonnes Per Annum (TPA). 

Ramkrishna Forgings Limited is primarily engaged in the manufacturing and sale of forged components of automobiles, railway wagons & coaches, and engineering parts, it is the the second largest forging player in the country. 

Ramkrishna Forgings Limited has a diversified product portfolio across sectors like commercial vehicles & passenger vehicles, railways, oil & gas, power, earth moving, mining & construction industries, and farm equipment. 

Its revenue from operations grew by 36.16 from Rs. 777 Crores in Q3FY23 to Rs. 1,058 Crores in Q3FY24, accompanied by profits of Rs. 61 Crores to Rs. 87 Crores. 

It has reported a return on equity (ROE) of 20.6 percent and a return on capital employed (ROCE) of 18.5 percent, it is making good returns on its equity and capital employed. 

Written by: Bharath K.S


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