Leading forged products supplier Ramkrishna Forgings Limited has announced that it has won a significant $13.16 million (Rs 109.2 crore) contract from a major North American axle manufacturer.
The 4-year contract entails supplying rear axle components and services for the off-highway sector. Ramkrishna Forgings emerged as the preferred supplier after a competitive bidding process thanks to its expertise in precision forging and manufacturing.
This contract marks an important milestone for Ramkrishna Forgings as it looks to strengthen its presence in the crucial North American market for automotive components. The company already has a manufacturing facility in Detroit, USA along with warehouses across the region.
Commenting on the development, Mr. Lalit Kumar Khetan, CFO of Ramkrishna Forgings said, “We are proud to be selected for such a substantial contract, which is a testament to our commitment to product quality and reliability. This partnership will further cement our credentials as a key player in North America’s automotive supply chain.”
He further added that the company is fully equipped to meet the expectations of growth and innovation in this partnership.
Founded in 1981 and headquartered in Kolkata, Ramkrishna Forgings Limited manufactures closed die steel forgings for critical applications in the automotive, railways, construction and engineering sectors. Its clients include leading OEMs such as Tata Motors, Ashok Leyland and Volvo. The company has a global exports footprint spanning North America, Europe and Asia.