Sanghvi Forging bags new orders worth Rs 14 cr.
• The fresh orders are from Oil & GAS Sector.
• Sanghvi Europe BV a subsidiary company received order of Rs. 10 Cr.
• Total Order book size raised upto Rs 50 cr.
Mumbai, June 02, 2016: Vadodara based Sanghvi Forging & Engineering Ltd (SFEL); one of the top engineering Company in India announced that company has received orders worth Rs 14 Cr. The fresh orders have come in from Oil & Gas sector.
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. Company is receiving good amount of orders from Oil & Gas, Power, Defense and Irrigation sectors.
Total Order book size as on June 02, 2016 is Rs 50 Cr.
Commenting on the orders, Mr. Jayanti Sanghvi, Managing Director, Sanghvi Forging & Engineering Ltd, said, "After receipt of this order we are confident that now our subsidiary has also started contributing towards our goal, also the economy is picking up and there is increase in demand across the sectors this will give good results to us.
About Sanghvi Forging and Engineering Limited
Sanghvi Forging & Engineering Limited (SFEL) is an ISO 9001:2008 Certified Indian company engaged in manufacturing of open and closed die forging products for the oil & gas, petrochemicals, ship building, power, Irrigation, defense & other sectors. It also exports products to various foreign countries over the last two decades.
Sanghvi Forging & Engineering Limited, ranked amongst the top engineering and forging companies in India, exemplifies high quality, quest for perfection and innovative approach.