Ramkrishna Forgings, which had closed yesterday at Rs.172.40, it opened tepid at Rs.172.50 and soon surged to an intraday high at Rs.175.50 and is now trading around the same levels.

The company announced today morning that it has received a multi-year export order worth Rs.105 crore/annum from a leading manufacturer of chassis-related systems and components primarily for trailers as well as for trucks and buses in the USA.

The supply is expected to commence from CY2023.

The company had ended Q4FY22 with a 38% (YoY) jump in revenue at Rs.719 crore on which it posted a 148% increase in net profit at Rs.84 crore.