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Discover how their new 100,000 MTPA Vasai facility drives engineering innovation and infrastructure growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Ftembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa-0tSB5k.png","2026-07-31T02:07:26+05:30",{"title":68,"slug":69,"excerpt":70,"imageUrl":71,"publishedAt":72,"author":11,"category":12},"N.A.N. MagneTech to Invest INR 1,250 Cr in NdFeB Magnet Plant","nan-magnetech-to-invest-inr-1250-cr-in-ndfeb-magnet-plant","N.A.N. 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Revenue surged to INR 3,490 crore, a 16 percent increase year-on-year (YoY); EBITDA rose to INR 794 crore, up 19 percent; and PAT soared to INR 326 crore, marking a remarkable 38 percent YoY growth.\u003C\u002Fp>\r\n\u003Cp>\u003Cstrong>Operational Highlights:\u003C\u002Fstrong>\u003C\u002Fp>\r\n\u003Cp style=\"margin-left: .5in;\">●Secured prestigious order worth INR 270 crore for Vande Bharat Train Set\u003C\u002Fp>\r\n\u003Cp style=\"margin-left: .5in;\">●Secured US$ 220 Contract to Supply to Light Vehicle Segment Across North America\u003C\u002Fp>\r\n\u003Cp style=\"margin-left: .5in;\">●Secured Board Approval for setting up Manufacturing Facility in Mexico Declared 2nd Interim Dividend of INR 1.0 per share\u003C\u002Fp>\r\n\u003Cp style=\"margin-left: .5in;\">●Overall capacity utilization stood at 91 percent for Q4FY24 vs 96 percent in Q3FY24 and 103 percent in Q4FY23\u003C\u002Fp>\r\n\u003Cp>\u003Cstrong>Domestic Markets \u003C\u002Fstrong>\u003C\u002Fp>\r\n\u003Cp>●In Q4FY24, sales volume was 23,412 MT, as compared to 24,611 MT in Q4FY23. In FY24, sales volume was 99,689 MT, representing a YoY increase of 15.0 percent over FY23. \u003C\u002Fp>\r\n\u003Cp>●Revenue for Q4FY24 stands at INR 47,660 lakhs as compared to INR 49,037 lakhs in Q4FY23. Revenue grew by 13.7 percent on YoY basis in FY24 to INR 198,485 lakhs as compared to INR 174,498 lakhs in FY23.\u003C\u002Fp>\r\n\u003Cp>\u003Cstrong>Exports Markets \u003C\u002Fstrong>\u003C\u002Fp>\r\n\u003Cp>●In Q4FY24, sales volume was 16,528 MT as compared to 13,977 MT in Q4FY23 representing a YoY increase of 18.3 percent. In FY24, sales volume was 58,739 MT as compared to 47,944 MT in Q4FY23 representing a YoY increase of 22.5 percent. \u003C\u002Fp>\r\n\u003Cp>●Revenue grew by 18.5 percent in Q4FY24 to INR 40,082 lakhs as compared to INR 33,811 lakhs in Q4FY23. Revenue grew by 19.3 percent on YoY basis in FY24 to INR 147,140 lakhs as compared to INR 123,351 lakhs in FY23.\u003C\u002Fp>\r\n\u003Cp>On the results Naresh Jalan, Managing Director, Ramkrishna Forgings Ltd, commented, “During the year, on a standalone basis, the company registered a strong performance across segments & geographies, with YoY growth of 16 percent in revenues and 38 percent in profitability. EBITDA margin stood at 22.7 percent driven by operating leverage and a sharp focus on cost control.”\u003C\u002Fp>\r\n\u003Cp>He continued, “We continued with our relentless pursuit of excellence and strategic growth initiatives. In the quarter gone by, we successfully secured a notable INR 270 crore order for the Vande Bharat Train Set, a pivotal achievement in our ongoing rail infrastructure development efforts. Furthermore, our recent contract worth US$ 220 million in the North American market reflects our strategic expansion and focused approach. In Q4FY24, our board gave approval for a manufacturing facility in Mexico. This will facilitate our ability to serve newer geographies more efficiently.”\u003C\u002Fp>\r\n\u003Cp>Jalan concluded, “Our continued focus on improving financial metrics such as ROCE and ROE, alongside efforts to reduce debt, positions us for sustainable growth and increased flexibility in pursuing opportunities. Overall, our performance emphasizes our commitment to excellence and long-term value creation for stakeholders.”\u003C\u002Fp>\r\n\r\n\u003Cp>For more information: \u003Cstrong>www.ramkrishnaforgings.com\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2024\u002F9Kd2I9FYVZjZ7Xqe9R1q.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FJune2024\u002F9Kd2I9FYVZjZ7Xqe9R1q.jpg","2024-06-20T11:21:40+05:30",0,"Ramkrishna Forgings reported a 16% revenue increase and a significant 38% surge in PAT for FY2024.\nThe company secured a major INR 270 crore order for Vande Bharat train components and a US$ 220 million North American contract.\nBoard approval was granted for a new manufacturing facility in Mexico to expand global reach and operational efficiency.","Ramkrishna Forgings has delivered an impressive performance for FY2024, reporting a 16% revenue growth and a substantial 38% rise in Profit After Tax. These results underscore the company's strong operational leverage and effective cost-control strategies within the competitive forging and machining sector. Key highlights from the fiscal year include a prestigious INR 270 crore order for Vande Bharat train sets and a massive US$ 220 million contract to support the North American light vehicle market. Looking ahead, the company is set to broaden its international footprint with a newly approved manufacturing facility in Mexico. This strategic expansion marks a significant milestone in their goal of enhancing global delivery capabilities and driving long-term stakeholder value. #RamkrishnaForgings #ManufacturingNews #IndustrialGrowth","Ramkrishna Forgings smashes FY2024 targets: 16% revenue growth and 38% PAT surge! Major wins include Vande Bharat train orders and a new Mexico facility. #Manufacturing #IndustryNews","Big wins in the forging industry! 🚀 Ramkrishna Forgings just dropped their FY2024 results and the numbers are impressive: 16% revenue growth and a 38% surge in profit! 📈\n\nBeyond the financials, they’ve secured a major INR 270 crore order for Vande Bharat train sets and a US$ 220 million contract for the North American market. Plus, they’re going global with a new manufacturing facility in Mexico! 🇲🇽\n\nIt’s a clear sign of strategic growth and operational excellence in the manufacturing space. Keep an eye on this space as they continue to expand! 🛠️✨\n\n#RamkrishnaForgings #ManufacturingExcellence #FY2024 #BusinessGrowth #EngineeringNews #GlobalExpansion #IndustryUpdate",{"title":145,"description":147,"keywords":158},"ramkrishna forgings, fy2024 financial results, forging industry, manufacturing sector, vande bharat train order, global manufacturing, industrial growth, machined products, b2b manufacturing",{"title":160,"slug":161,"imageUrl":162},"WERMA Launches ‘RST’ LED Signal Tower Range for Versatile Applications","werma-launches-rst-led-signal-tower-range-for-versatile-applications","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2024\u002F25nmJO1Y4oFRQnQXD3sG.png",{"title":164,"slug":165,"imageUrl":166},"Dalmia Transport Partners with Roadzen’s DrivebuddyAI to Boost Fleet Safety with Advanced AI-Powered 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