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Ramkrishna Forgings Ltd. Company History and Annual Growth Details

Ramkrishna Forgings Limited was incorporated under the Companies Act, 1956 on llth November, 1981 as a Private Limited company and subsequently converted in to a Limited Company w.e.f.. May 25th, 1995. The company is having its registered office at 6, Waterloo Street, Calcutta- 700 069. It occupies two industrial plot measuring about 3.90 acres at VI th phase, Adityapur Industrial Area, Gamharia, Jamshedpur. For the proposed expansion, the company has already acquired two additional plots one at Plot No. M-15, M-16 & NS-26 at VIIth Phase, Adityapur Industrial Area measuring about 3.90 Acres and another plot adjacent to the existing factory of the company at VI th phase, Adityapur Industrial Area. The company also has a factory at Liluah Industrial Area, Howrah.

Ramkrishna Forgings Limited commenced its production in 1984 as a SSI unit. It was manufacturing Forging items for Railways. Turnover was in the range of Rs. 50-60 Lacs per annum. Over a period of time, the unit developed various other parts uses by Railway. It included certain safety items also like hangers for coaches. The unit got itself registered with RDSO. Capacity of the unit was about 40 Ton per month.

The company undertook its major expansion in the year 1997, whereby it increased its forging & die making capacity at Jamshedpur. Beside it developed machining facilities & heat treatment facilities including Iso-annealing. This made the unit to undertakes production of Auto Forging for original equipment manufacturer (OEM), besides supplies to Railways. The unit added a number of reputed companies in its customer list.

The company also purchased a unit at Liluah Industrial Area, Howrah. This unit has a machine shop for the rough machining of components. Acquisition of this unit helped the company to supply finished components to Railways & Body Builders directly from its Local unit. The company took Term Loan of Rs. 330.00 Lacs from Canara Bank to complete that expansion. The company is very regular in payment of Term Loan instalment and present balance in this account is about Rs. 101.54 Lacs.

In the year 2002-03, the company took a 2nd term loan of Rs. 125.00 Lacs from Canara Bank to further increase . the forging capacity of the unit. This project was completed in the month of August this year. After this expansion, forging capacity of the unit increased up to 5550 MT per annum.

The company has explored export market for their products and is well taken in the export market also. The company has started supplies of Forged components to a few reputed customers. In the last financial year, the company achieved export turnover of Rs. 1.70 Crores.

Very recently, the company has received QS 9000 certification from BVQI. This will enable the company to broad base its export market. To further facilitate the export market, the company is installing pneumatic hammer of 6-ton capacity for the forging of heavy range of items up to 75Kg.

Taking in to account the encouraging response from export market the company has undertaken expansion cum diversification project. The project envisages setting up of an EOU at VII th phase, Adityapur Industrial Area and consolidation in capacity of existing unit in forging. For this purpose the company has got it registered with EPC and is granted EOU status by the office of DGFT. The company has been allotted a plot of land measuring about 3.90 Acres in 7th phase of Adityapur Industrial Area, set up mainly for Export Oriented Units.
Oct 26, 3:20 pm
Oct 26, 3:29 pm
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