This new project will help Ramkrishna Forgings explore various opportunities and fields in huge technology-driven market.
Ramkrishna Forgings to expand its business into high-technology sectors, which include defence, semiconductors, aerospace and drones. The company will take care of the design, development, engineering, manufacturing and servicing of products, systems and components.
“The Company is exploring to foray into the business of designing, developing manufacturing, engineering etc. of products, systems and solutions etc. for semiconductors, aerospace applications, drones defense, and other related technologies etc. by itself or through its subsidiaries,” the company stated in its regulatory filing.
This new project will help Ramkrishna Forgings explore various opportunities and fields in huge technology-driven market.
The proposed diversification would enable Ramkrishna Forgings to explore opportunities in emerging technology-driven industries, either independently or through its subsidiaries, while expanding its business beyond conventional forging operations.
Also, the company has shared its combined financial performance for Q2 FY27, which showcasing a net profit of Rs 70.59 crore. Its operational revenue increased 55% to Rs 1,405.42 crore during the quarter.
The appointment of Subir Chakraborty and Anurag Vohra as Non-Executive Independent Directors for a five-year term will be approved by the company’s board members, subject to shareholder approval.
