Corporate News     05-Dec-23
Rama Steel Tubes undertakes setting up of cold rolling mill and steel sheet galvanizing facility
Rama Steel Tubes has initiated a strategic backward integration expansion to the tune of ~40,000 MTPA; at its plant located at Khopoli, Maharashtra.

The expansion is expected to be completed by the end of Q4 of FY25, post which commercial production will commence.

The company is setting up state of the art cold rolling mill and steel sheet galvanizing facility to cater the in house requirement of raw material.

The total Capex for this expansion will be ~Rs.30 crore and will be funded through internal accruals of the company.

Previous News
  Rama Steel Tubes consolidated net profit declines 28.21% in the September 2022 quarter
 ( Results - Announcements 12-Nov-22   14:48 )
  Rama Steel Tubes consolidated net profit rises 105.51% in the September 2021 quarter
 ( Results - Announcements 14-Nov-21   11:18 )
  Rama Steel Tubes consolidated net profit rises 25.00% in the June 2017 quarter
 ( Results - Announcements 11-Sep-17   16:41 )
  Rama Steel Tubes to convene EGM
 ( Corporate News - 18-Oct-22   14:09 )
  Rama Steel Tubes Ltd leads losers in 'B' group
 ( Hot Pursuit - 24-Dec-21   14:45 )
  Rama Steel Tubes gains after robust sales in Q3 FY23
 ( Hot Pursuit - 03-Jan-23   13:04 )
  Board of Rama Steel Tubes approves conversion of warrants and allotment of bonus shares
 ( Corporate News - 17-Aug-23   17:23 )
  Rama Steel Tubes standalone net profit rises 41.47% in the June 2017 quarter
 ( Results - Announcements 11-Sep-17   16:41 )
  Rama Steel Tubes standalone net profit rises 6.54% in the September 2021 quarter
 ( Results - Announcements 14-Nov-21   11:24 )
  Rama Steel Tubes secures export order for supply of ERW pipes
 ( Corporate News - 13-Apr-17   13:29 )
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