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
  • Kingston inspires people to relive unforgettable memories with its 7-day Memory-challenge Business
  • ‘Mo Gharani Sadhabani is a bespoke initiative that fosters holistic growth and development of Odia women entrepreneurs all across the globe – Dr. Soumya Patnaik Lifestyle
  • Startup Reporter releases List of 11 Entrepreneurs Under 35 Business
  • Ahmad Kabir Shadan’s Lead Film Chandra Shekhar Azad’s First Look is Out Entertainment
  • India Tech Talent League 2023 Shaping the Future of Talent Technology
  • Vector X announced as the official kitting partner for 62nd Subroto Cup International Football Tournament. Business
  • The Ultimate Guide to Simplifying Name Change Ads with Ads2publish.com Business
  • Oncowin Cancer Center’s Stepathon draws 500 participants Health

RST Industries Limited (RSTIL, step-down subsidiary of RSTL) is setting up a facility of 20,000 MT per annum in Nigeria, West Africa, to manufacture Roofing sheets

Posted on January 11, 2022 By

New Delhi (India), January 11: BSE & NSE listed Rama Steel Tubes Limited (RSTL), one of the leading manufacturers of Steel Pipes & Tubes and G.I. Pipes in India, is setting up a manufacturing facility of ~20,000 MT pa at its step-down subsidiary RST Industries Limited (RSTIL) in Nigeria, West Africa.

RSTIL has already commenced the expansion exercise for setting up the proposed facility in Nigeria; the expansion is expected to be completed in two tranches and will be fully operational by August 2022, and expects to operate at full capacity by Q3 of FY23. This additional capacity mainly aims to expand our current repertoire of SKUs to include Roofing Sheets. The total capital outlay for this expansion will be INR ~200 MN and will be funded through a mix of internal accruals and partially through debt.

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

Commenting on the announcement, Mr. Richi Bansal, Executive Director of Rama Steel Tubes Limited, said, “It gives us immense pleasure to announce that we are expanding and setting up a facility to meet the high demand of the Roofing sheets in Nigeria. We always had the vision to become one of the leading companies in building material products and solutions. This milestone is one of the few business strategic pipeline of plans. We have a firm hold and presence in the region of western Africa for the past five years. This capacity of 20,000 MTPA will add significantly to our subsidiary’s 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. This also takes us one step ahead in our competition and further elevates our performance benchmark to the next level.

We humbly would like to express our gratitude to all our stakeholders for always encompassing confidence in RSTL.”

Business Tags:Business

Post navigation

Previous Post: Multi starrer film Phas Gaye Yaaro by Rupesh D Gohil all set for a grand release by Rajshri Productions
Next Post: Dinesh Shahra Foundation & Down Town Hospital collaborate for Women & Child Health

Related Posts

  • Riverdale Aerovista launches “Home and Happiness” offer for Home-Seekers Business
  • Hafele’s Sanctus Shower Cubicle Business
  • Sparky Neon Launches Energy-Efficient Custom LED Neon Sign Solutions Business
  • United Services Institute (USI) hosts a successful Seminar on China, Trishakti Manthan Business
  • On Door Concepts Reports Remarkable FY25 Performance with Total Revenue Surpassing INR 270 Plus Crores Business
  • Jaipur Rugs with Studio Roar wins identity Design Award for Interior Design in the Public Space Category Business

Recent Posts

  • Alyana Rehabilitation Foundation Emerges as a Leading Rehab Center in Kolkata
  • 150+ Venture Capitalists and Investors participate in Masters’ Union Demo Day 2025
  • On Door Concepts Reports Remarkable FY25 Performance with Total Revenue Surpassing INR 270 Plus Crores
  • Grand Launch Of Southern Street Premier League (SSPL) South India’s Biggest Cricket Extravaganza!
  • Affordable Marketing: 10 Key Benefits of Indian SMM Panels

Recent Comments

  • Unknown on Participants Reap Rewards in Wellman’s 8-Week Digital Campaign: IPL Tickets, Autographed Virat Kohli Merchandise, and More!
  • Kingston inspires people to relive unforgettable memories with its 7-day Memory-challenge Business
  • ‘Mo Gharani Sadhabani is a bespoke initiative that fosters holistic growth and development of Odia women entrepreneurs all across the globe – Dr. Soumya Patnaik Lifestyle
  • Startup Reporter releases List of 11 Entrepreneurs Under 35 Business
  • Ahmad Kabir Shadan’s Lead Film Chandra Shekhar Azad’s First Look is Out Entertainment
  • India Tech Talent League 2023 Shaping the Future of Talent Technology
  • Vector X announced as the official kitting partner for 62nd Subroto Cup International Football Tournament. Business
  • The Ultimate Guide to Simplifying Name Change Ads with Ads2publish.com Business
  • Oncowin Cancer Center’s Stepathon draws 500 participants Health

Copyright © 2025 Daily News India.

Powered by PressBook News WordPress theme