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
  • Baazar Kolkata Bags the “India’s Retail Champions of Apparel and Lifestyle” award by the Retailer’s Association of India Business
  • Alcon India helps underprivileged children to See Brilliantly on World Sight Day Business
  • Free NEET and JEE Crash Course for the Underprivileged Students Press Release
  • z3 Relaxed Luxury Presents Seersucker Shirts For Summer 2023 Business
  • Cashfor Gold and Silverkings Brings You the Best Chance to Sell Your Gold from Your Home Lifestyle
  • The Karn’s WeCript Ecosystem introducing biometric payment cards to secure India Business
  • Vatsal Agarwal says, PM Gati Shakti will boost India’s infrastructure. Business
  • Lifespan Private Limited Signs with Nikhat Zareen, Boxing World Champion, as its Brand Ambassador Business

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 dsprime 22 Comments on 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

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

  • Lotus Electronics Launches The ‘Diwali Deal Festival’ With Up to 70% Off Business
  • How this dentist’s passion for interior design has enhanced her practice Business
  • CAPITIQUE is Here to Help Setting Up Your Dedicated Team in India in the Shortest Timeframe Business
  • CPhI & P-MEC India: Asia’s largest Expo to make a mark at Greater Noida, Delhi-NCR Business
  • Navoday Enterprises Ltd. IPO to Open on 14 June Business
  • A better way to fund your higher education in top global universities, colleges, or institutions only through YuGrow Business

Comments (22) on “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”

  1. marizon ilogert says:
    October 10, 2022 at 6:24 am

    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..

  2. zmozeroteriloren says:
    November 24, 2022 at 2:34 am

    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..

  3. my website says:
    November 29, 2022 at 8:23 pm

    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?

  4. The Best Places to Work in Port of Spain (Trinidad and Tobago) says:
    December 19, 2022 at 10:32 am

    Its excellent as your other content : D, thankyou for putting up.

  5. How to Start a Cigarillo Business (Beginners Guide) says:
    December 19, 2022 at 2:40 pm

    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.

  6. The Best Places to Network in Yibin (China) says:
    December 20, 2022 at 3:24 am

    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.

  7. The Best Places to Retire in Gustavia (Saint Barth?lemy) says:
    December 24, 2022 at 5:00 am

    Glad to be one of the visitors on this awe inspiring site : D.

  8. How to Start a Cases for Cutlery (not Wooden) Business (Beginners Guide) says:
    December 26, 2022 at 3:11 am

    There is perceptibly a bundle to know about this. I think you made certain good points in features also.

  9. The Best Places to Go for New Years Eve in Miluo (China) says:
    December 26, 2022 at 8:50 pm

    Very interesting details you have noted, regards for putting up.

  10. Top Places to Honeymoon in Imbaba (Egypt) says:
    December 28, 2022 at 3:17 pm

    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.

  11. How to Become a Jig Fitter says:
    December 29, 2022 at 2:44 am

    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?

  12. Europa-Road Kft. says:
    January 15, 2023 at 11:20 pm

    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!

  13. erc1155 nft says:
    March 3, 2023 at 11:18 am

    Have you ever thought about adding a little bit more than just your articles? I mean, what you say is fundamental and everything. But just imagine if you added some great graphics or videos to give your posts more, “pop”! Your content is excellent but with pics and clips, this site could undeniably be one of the greatest in its niche. Very good blog!

  14. slot red tiger says:
    April 9, 2023 at 9:00 pm

    WONDERFUL Post.thanks for share..extra wait .. …

  15. rtp xingaming says:
    April 10, 2023 at 9:24 pm

    Hi there! I know this is somewhat off topic but I was wondering which blog platform are you using for this site? I’m getting sick and tired of WordPress because I’ve had issues with hackers and I’m looking at alternatives for another platform. I would be great if you could point me in the direction of a good platform.

  16. spadegaming login says:
    April 11, 2023 at 10:40 am

    I simply desired to appreciate you once again. I am not sure what I would have implemented without the entire techniques shared by you over my industry. It had become an absolute frustrating crisis in my position, nevertheless understanding this well-written way you resolved the issue took me to cry for happiness. Now i’m happy for this service and thus trust you realize what a powerful job you happen to be providing teaching most people via your site. I am certain you have never met all of us.

  17. pg soft slot says:
    April 14, 2023 at 4:32 am

    I in addition to my buddies were actually reading through the great items located on the website and instantly I had an awful suspicion I never expressed respect to the site owner for those strategies. These young boys appeared to be so warmed to study all of them and have seriously been using those things. I appreciate you for indeed being so kind and for picking varieties of incredibly good information millions of individuals are really desirous to understand about. Our own honest regret for not expressing appreciation to sooner.

  18. joker gaming login says:
    April 14, 2023 at 7:59 am

    Great write-up, I am normal visitor of one’s web site, maintain up the nice operate, and It’s going to be a regular visitor for a lengthy time.

  19. Link Alternatif Sensaslot88 says:
    April 23, 2023 at 10:03 am

    Thank you for every other informative site. Where else may just I get that type of info written in such an ideal manner? I’ve a venture that I’m simply now operating on, and I’ve been on the glance out for such information.

  20. surgawin says:
    April 25, 2023 at 12:03 pm

    Hello! I know this is kind of off topic but I was wondering if you knew where I could find a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having trouble finding one? Thanks a lot!

  21. Betwing88 says:
    May 4, 2023 at 11:31 am

    I just like the helpful info you supply to your articles. I’ll bookmark your weblog and test again here regularly. I am moderately sure I will be told plenty of new stuff right here! Good luck for the following!

  22. Sensaslot88 says:
    May 5, 2023 at 9:21 pm

    magnificent points altogether, you just won a logo new reader. What might you recommend about your post that you simply made some days in the past? Any positive?

Leave a Reply Cancel reply

Your email address will not be published.

Recent Posts

  • Amigos IAS 21st Century IAS Academy Celebrates Remarkable Results in UPSC 2022
  • Gera Developments appoints Gulzar Malhotra as CEO
  • Women’s Health Day – Top 10 Gynaecologists Advice on Rising issue of Infertility Rate
  • Indian Family Shines on the Cannes Red Carpet: Ramesh Gowani and Family Make Their Presence Felt
  • “Logical data fabric can help solve complex data management challenges”, says Ravi Shankar, Senior Vice President and CMO of Denodo

Recent Comments

  • Marygab on Young Achiever of India, Bhavika Maheshwari is bringing about a change through her Spiritual Speeches.
  • Ifkxhu on Fashion and Lifestyle Brand YOULRY.COM Launches “The Bella Donna Feat. EPR and Iman” – A Unique Duet of Rap and Folk
  • Avnrvg on Loom Solar recognized as CleanTech winner of 2022 Red Herring Top 100 Global
  • zaragoza reformas locales on Fuss-free summer fashion
  • fosamax buy on Gururo.com collaborates with IU University, Germany to Offer World-Class Post Graduate Certificate in Program Management
  • On This ‘WORLD CANCER DAY’: 8 Best Oncologists Share Their Advice on Increasing Risks of Cancer Business
  • Prologic To Rope in 1 Lakh People under Its GST Suvidha Kendra Programme Business
  • First-of-its-kind clinic launched in Lucknow to cure PCOD hormonal disorder in women Health
  • First Indigenously developed Drone Simulator in India launched by IG Drones in the presence of PM Narendra Modi Press Release
  • A Fragrant Young India at Asias Largest Franchise Event Lifestyle
  • Meet Sahil Samuel – the rising Indian performer! A
  • This International Women’s Day, BabyChakra in association with GirlTribe by MissMalini come together to #BreakTheBias co-powered by Sirona Hygiene & Petals Group of Schools Press Release
  • Sponge Iron from Magnetite – A Novel Process Developed In India Business

Copyright © 2023 Daily News India.

Powered by PressBook News WordPress theme