
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.”
hey there and thank you for your information – I have certainly picked up anything new from right here. I did however expertise several technical points using this website, as I experienced to reload the site lots of times previous to I could get it to load properly. I had been wondering if your web host is OK? Not that I’m complaining, but slow loading instances times will often affect your placement in google and can damage your quality score if ads and marketing with Adwords. Anyway I’m adding this RSS to my email and could look out for much more of your respective exciting content. Make sure you update this again soon..
I’m extremely impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you modify it yourself? Anyway keep up the excellent quality writing, it’s rare to see a great blog like this one today..
Hi! Do you know if they make any plugins to protect against hackers? I’m kinda paranoid about losing everything I’ve worked hard on. Any recommendations?
Its excellent as your other content : D, thankyou for putting up.
Heya i’m for the primary time here. I came across this board and I in finding It really useful & it helped me out much. I am hoping to give one thing again and aid others like you helped me.
I do accept as true with all of the concepts you have introduced in your post. They’re very convincing and will definitely work. Nonetheless, the posts are too quick for starters. May you please lengthen them a little from next time? Thanks for the post.
Glad to be one of the visitors on this awe inspiring site : D.
There is perceptibly a bundle to know about this. I think you made certain good points in features also.
Very interesting details you have noted, regards for putting up.
I was very happy to seek out this web-site.I wanted to thanks to your time for this excellent learn!! I definitely enjoying each little bit of it and I’ve you bookmarked to take a look at new stuff you blog post.
F*ckin’ remarkable things here. I’m very glad to see your article. Thanks a lot and i’m looking forward to contact you. Will you kindly drop me a e-mail?
Have you ever considered about adding a little bit more than just your articles? I mean, what you say is important and everything. However imagine if you added some great pictures or videos to give your posts more, “pop”! Your content is excellent but with images and video clips, this website could definitely be one of the greatest in its field. Amazing blog!