Vadodara-based Sanghvi Forging bags new orders worth Rs 10 crore

AHMEDABAD: Vadodara-based Sanghvi Forging & Engineering Ltd (SFEL) on Thursday announced that company has received an orders worth Rs 10 Cr. from oil & gas, power and irrigation sectors. The majority of the orders received by the company are for its new heavy open die forging plant.

Continuous flow of orders for the company during the recent past is a positive for the company and its growth. The company’s newly started heavy open die forging unit with the capacity of 15000 MTPA has increased the company’s forging capacity fivefold.

The total order book size as on October 14 is Rs. 40 crore, 75 per cent of which is domestic.