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#RKFORGE Ramkrishna Forgings, a leading manufacturer of forgings in India, is taking a significant step towards sustainability. The company has announced its plans to set up a 7.82 MW solar power plant, which is expected to contribute significantly to reducing carbon emissions. Image
This initiative is in line with the company's commitment to reducing its carbon footprint and promoting sustainable development. By investing in renewable energy, RK Forgings aims to not only reduce its dependence on fossil fuels but also lower its energy costs in the long run.
The solar power plant is expected to generate clean energy that will be used to power the company's manufacturing units, reducing its reliance on non-renewable energy sources. This will help the company to reduce its carbon footprint, mitigate the impact of climate change.
Read 4 tweets
#RKFORGE ICRA has upgraded the company's ratings for its bank facilities. The company's term loan and working capital facilities have been upgraded to [ICRA]A+ from [ICRA]A, and its fund-based limits have been upgraded to [ICRA]A+ from [ICRA]A. (1/5) ImageImage
The outlook for these facilities has also been revised to stable from positive. The company's short-term rating has been reaffirmed at [ICRA]A1, and its non-fund based limits have also been reaffirmed at [ICRA]A1. (2/5)
In simpler terms, this means that the credit rating agency ICRA has given a higher rating to the company's bank facilities, which is good news for the company as it may lead to better terms and interest rates for its loans. (3/5)
Read 5 tweets
“Last Diwali to this Diwali: Summary of Momentum Investments/ Trades taken (#MostlyMomentum)!!”:

Introduction of my journey so far:
I started my #StockMarket journey Jul- 2016:

•During 2016-17, as a typical new investor, started with TV Tips, and IPOs,
this (IPOs) helped in a way, best #DMART has still been the best of IPOs I applied for, got allotment, and kept for couple of months and captured fastest 282% of my #StockMarket journey.

• During 2017-18, decided not to go after TV Tips,
and started doing something on my own including a little Option “BUYING” 12, lost some funds in Option Buying, but gained a lot of experience regarding not to so something you don’t know. Alongside this, also started exploring cash market strategies of buying what is going up and
Read 25 tweets

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