Hot Pursuit     30-Dec-21
Rama Steel Tubes hits the roof on bagging orders from Uttar Pradesh Power Corporation
Rama Steel Tubes hit an upper circuit of 10% at Rs 311.15 after the company procured orders from Uttar Pradesh Power Corporation (UPPCL) to the tune of 580 MT aggregating to approximately Rs 4.33 crore.

This order is mainly for 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-L624 MT.

Naresh Kumar Bansal, chairman and managing director, Rama Steel Tubes, said "We are pleased to announce that our sustained relationship and credibility has yet again assisted us bagging in this new prestigious order from UPPCL. Even in the past, RSTL has been associated with many State Corporations, and we celebrate our long-standing relationship with them.

These orders with help us in strengthening our position and credibility in the market. These orders will also help us in achieving our targeted revenues at a slightly faster rate than what we had anticipated."

Rama Steel Tubes is a manufacturer of steel tubes. The company has 2O% exports rate, with a global presence in more than 16 countries.

The company's consolidated net profit surged to Rs 7.09 crore in the quarter ended September 2021 as against Rs 3.45 crore during the previous quarter ended September 2020. Sales rose 48.57% YoY to Rs 192.99 crore in Q2 FY22.

Previous News
  Rama Steel Tubes announces board meeting date
 ( Corporate News - 25-May-23   12:16 )
  Board of Rama Steel Tubes to consider proposal for fund raising
 ( Corporate News - 16-Oct-23   15:06 )
  Rama Steel Tubes Ltd leads gainers in 'B' group
 ( Hot Pursuit - 06-Sep-24   12:15 )
  Rama Steel Tubes schedules AGM
 ( Corporate News - 11-Sep-23   09:54 )
  Rama Steel Tubes schedules board meeting
 ( Corporate News - 17-Oct-23   10:58 )
  Rama Steel Tubes intimates of incorporation of step down subsidiary in Nigeria
 ( Corporate News - 20-Sep-19   17:55 )
  Rama Steel Tubes to announce Quarterly Result
 ( Corporate News - 25-May-23   12:33 )
  Rama Steel Tubes records highest ever sales volume in Q3 FY23
 ( Corporate News - 03-Jan-23   18:46 )
  Rama Steel Tubes consolidated net profit declines 58.98% in the June 2019 quarter
 ( Results - Announcements 17-Aug-19   15:52 )
  Rama Steel Tubes to conduct board meeting
 ( Corporate News - 08-Feb-22   10:08 )
  Rama Steel Tubes spurts after robust sales in Q2FY23
 ( Hot Pursuit - 04-Oct-22   15:09 )
Other Stories
  Avantel Q2 PAT jumps 42% YoY to Rs 23 cr
  05-Oct-24   17:03
  Equitas SFB total deposits jump 29% YoY in Q2 FY25
  05-Oct-24   16:28
  Ujjivan SFB total deposits rises 17% in Q2 FY25
  05-Oct-24   15:34
  L&T Finance retail disbursements jump 12% YoY in Q2 FY25
  05-Oct-24   14:31
  Bandhan Bank records over 21% YoY jump in loan book during Q2 FY25; deposits at Rs 1.42 lakh crore
  05-Oct-24   13:32
  Lupin's Pune-based biotech facility gets 5 observations from US FDA
  05-Oct-24   13:20
  Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25
  05-Oct-24   09:04
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
Back Top