Sanghvi Forging secured orders of Rs. 10 cr

Sanghvi Forging & Engineering Ltd. announced that it has bagged orders worth Rs. 10 crore. Majority of the orders are from the power and oil and gas sector and around 15 per cent comprises of exports. Around 45 per cent of the current orders are for the new plant, which was commissioned recently. The company’s current order book stands at Rs. 25 crore. Fact that power sector orders are being received specially in a slowdown in that sector is a source of encouragement for Sanghvi Forging.Commenting on the order, Jayanti B. Sanghvi, Managing Director, Sanghvi Forging & Engineering Ltd., said, “Our hardwork and perseverance are paying off as a large portion of the orders are being executed at our new plant. Our current orders book of `25 crore, which is very encouraging, will impact our revenues in a positive manner. Exports are encouraging for us and is a great encouragement as it will help establish our credentials globally.”

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