The Hindu Business Line : Ramkrishna Forgings pins hopes on expansion

According to the RFL Managing Director, Mr Naresh Jalan, the company expects to close the current fiscal with a topline of Rs 35 crore and expects to cross Rs 100-crore turnover mark by 2005 with the help of expanded production capacity.

The value-addition through expansion is expected to boost the net profit margin from the current level of around 5 per cent to 15 per cent, Mr Jalan told newspersons on Saturday.

The expansion would enable the company to transform from a basic forging manufacturer to a full-fledged auto component manufacturer with backward and forward integration firmly in place.

It would also help OEMs as it could supply finished assemblies at a lower cost than a secondary producer of finishing components alone, Mr Jalan said.

"After the expansion, the company will be capable to manufacture varieties of forgings by different techniques such as open forgings, closed die forgings, upset forgings and ring rolled forgings. This will also catapult the company as the biggest manufacturer of forgings in Eastern India," the RFL Managing Director said.

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