Skip to content
  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
Daily News India

Daily News India

Just another WordPress site

  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Toggle search form
  • Influencerquipo presents Emerging female lifestyle content creator of the year – Swapnila Goswami Lifestyle
  • Karanvir Singh, a Global Indian Representing the Nation at Eastern Economic Forum in Russia Press Release
  • Primex Media Services Honored With the Award of Appreciation at the Prestigious Iconic Gold Awards-2021 in Mumbai Business
  • Skincare that’s good for you – decoding the best kept secrets of Ayurveda Lifestyle
  • Leading Utility Token YES WORLD seen significant adoption, reaches milestone of 1.5 million transactions Business
  • K.K. Goswami left stunned by producer Ashok Prasad Abhishek Entertainment
  • Vikas Lifecare sets out to get technology transfer from a leading European entity for recycling of Cross-Linked Poly Ethylene (XLPE) Business
  • Throttle Shrottle Extends Legacy With Launch Of Leopard Trail Cafe and Stay In The Foothills Of Aravalli Range Business

Rama Steel Tubes Ltd. bags order from UPPCL; Plans Major Expansion

Posted on January 3, 2022 By dsprime No Comments on Rama Steel Tubes Ltd. bags order from UPPCL; Plans Major Expansion

New Delhi (India), January 3: BSE and NSE listed Rama Steel Tubes Limited (RSTL) (BSE: 539309, NSE: RAMASTEEL), one of the leading manufacturers of Steel Pipes & Tubes and G.I. Pipes in India, has received orders from Uttar Pradesh Power Corporation Limited (UPPCL) aggregating to the tune of ~Rs. 43.3 Mn.

Keeping up with its vision to cater to large scale infrastructure projects in FY22, RSTL has now received a new order from UPPCL, total aggregating to ~Rs. 43.3 Mn. This order is mainly for the supply of no’s 2500 electrical poles amounting to ~580 MT. This order is in addition to the previous order received from UPPCL for no’s 7000 poles amounting to ~1624 MT.

Earlier, the company had announced a capacity expansion to the tune of ~30,000 MTPA, at its plant located at Khopoli, Maharashtra. The expansion is expected to be completed by the end of Quarter 4of FY22, post which commercial production will commence. This additional capacity is mainly aimed at expanding our current repertoire of SKUs to include Special Grade Structural Steel and High thickness Tubes to cater to the lnfra, Automobile and Solar Sectors. The total Capex for this expansion will be -Rs.100 MN and will be funded through internal accruals of the company.

As per bulk deal data available on BSE, Quant Mutual Fund picked up 100000 shares on 30th December 2021, and Mauritius based Saints Capital Funds picked up 120000 shares on 31st December 2021.

Commenting on this crucial expansion milestone, Mr. Richi Bansal, Executive Director, Rama Steel Tubes Limited, said, “It gives me immense pleasure to announce that we are expanding and upgrading our current capacities to meet the high demand of the country’s growing infra& automobile sector. RSTL projects a significant rise in the demand of special grade, high thickness steel in the coming years. This additional capacity of ~30,000 MTPA will add significantly to our top line. We are also happy to state that we have a strongly growing order book for these new SKUs and expect it to grow further.”

Rama Steel Tubes Limited (RSTL) is a pioneer and leading manufacturer in the steel tube industry. RSTL has been continuously striving to improve its performance by increasing sales, the share of value-added products, innovating new products and aggressive cost optimization on a continual basis. RSTL products range includes MS ERW black pipes from 15mm to 200mm diameter pipes confirming to IS: 1239, IS:1161, IS:3589, 15:3601, & IS:4270 and G.I. Pipes from 15mm to 150mm NB in light, medium and heavy sizes. RSTL has 2O% exports rate, with a global presence in more than 15 Countries. RSTL has a subsidiary in UAE and a step-down subsidiary in Nigeria which has strengthened the company’s presence in global markets, RSTL has the world’s latest technology, plant and machinery, which also includes sophisticated testing equipment. RSTL has 4 state-of-art manufacturing capabilities located at Sahibabad (U.P.), Khopoli (Maharashtra) and Anantpur (Andhra Pradesh) and has got strong distributor network spread across India.

Business Tags:Business

Post navigation

Previous Post: Kart Racing League has Revolutionised the Crypto Industry
Next Post: Turtle – Waah Zindagi out now; Praises showered by Audience on the films

Related Posts

  • Durian Furniture Launches Their First Store in Darbhanga, Bihar Business
  • Madhavbaug chalks out organic and inorganic growth strategy Business
  • Israeli Technology Launches Clear Black STP in India, Helping Save 40% Water Business
  • Harsh Joshi and Advita Baiju speak about Ernstaa’s successful 5 year run in India gaining traction in the U.K. Business
  • Riverdale Aerovista launches “Home and Happiness” offer for Home-Seekers Business
  • Jar, India’s first micro-savings app, raises $22.6 million in Tiger Global-led Series B funding at over $300 million valuation Business

Leave a Reply Cancel reply

Your email address will not be published.

Recent Posts

  • Restore Your Smile with Dental Implants:  10 Best Dentists Debunks Some Myths about Implants
  • On This ‘WORLD CANCER DAY’: 8 Best Oncologists Share Their Advices on Increasing Risks of Cancer
  • Union Budget 2023-24 has reshaped the landscape of capital investment in India: Prateek Toshniwal
  • Wallnut Building Solutions is launching revolutionary cleaning products for tile & stone, Taps & sanitary, Marble & Stone and for removing Epoxy and paint haze from surfaces
  • Purti Ki Duniya: An Emerging YouTuber

Recent Comments

  • Idepaydup on Build Your Brand With Rasa PR Media
  • beli followers ig aktif indonesia on Krishna Singh Thakur – gearing up for his next song release, the “Superstar Peg”
  • Idepaydup on Eureka! – E-Cell IIT Bombay’s B-model competition hunts for the next unicorn
  • Kiagab on Astrology for business: Dr. Vinay Bajrangi
  • slotsite on Azura Media Event Pvt Ltd, An Ideal Event Management Company
  • Taj Indian Group to launch fruit juices in Europe, India: Founder Harpreet Singh Business
  • R Madhavan, in partnership with VistaVerse to announce Free Movie Tickets and NFTs of Rocketry: The Nambi Effect Business
  • A Journey from MCA Post Graduate to Successful Entrepreneur! Business
  • Overall development of your Kids at Peek-a-boo Press Release
  • Aura Productions announces Droom as Title Sponsor for its upcoming Beauty Pageant & Fashion Week Lifestyle
  • Avak Films in association with Randeep Hooda Films & Jelly Bean Entertainment presents Laal Rang 2 Entertainment
  • Woman-Led SaaS Start-up Task Tracker Raises Seed Funds Business
  • Bucolic Kailash, an agritech startup, brings “Computerized Farms” from the future! Business

Copyright © 2023 Daily News India.

Powered by PressBook News WordPress theme