Sanghvi Forging & Engineering Ltd bags Rs 8 crore order

AHMEDABAD: Vadodara-based Sanghvi Forging & Engineering Ltd, informed that it has bagged orders worth Rs 8 crore. At present the company has 10 approvals from oil & gas, power and ship building sectors for the new plant.

Commenting on the order Mr. Jayanti Sanghvi, Managing Director, Sanghvi Forging & Engineering Ltd said, "The increased spate of orders for the new plant is and encouraging sign. Also the bulk of the present orders are from Indian companies and is a positive sign for us going forward. The pain of incubation is over for us and repeat orders for the new plant are good signs for the future of the company."

The orders comprise a mix of above sectors, Rs 5 crore orders are for the new heavy forging plant and the balance for the existing plant. The company's order book position as of 30 September 2013 is Rs. 20 crore.