Rama Steel Tubes Ltd. obtains the order from the UPPCL; plans major expansion
Update: 03 Jan 2022 13:25 STI
New Delhi (India), January 3 (ANI / PNN): Rama Steel Tubes Limited (RSTL) listed on BSE and NSE (BSE: 539309, NSE: RAMASTEEL), one of the leading manufacturers of steel pipes and tubes and pipes GI in India, has received orders from Uttar Pradesh Power Corporation Limited (UPPCL) for a total of ~ Rs. 43.3 million
True to its vision of responding to large-scale infrastructure projects in FY 22, RSTL has now received a new order from UPPCL, totaling ~ Rs. 43.3 million. mainly concerns the supply of 2,500 electricity poles for an amount of ~ 580 MT. This order is in addition to the previous order received from the UPPCL for n ° 7000 poles amounting to ~ 1624 MT.
Previously, the company announced a capacity expansion of around 30,000 MTPA at its plant in Khopoli, Maharashtra. The expansion is expected to be completed by the end of the fourth quarter of fiscal 22, after which commercial production will begin.
This additional capability is primarily aimed at expanding our current SKU repertoire to include special grade structural steel and heavy gauge tubing to cater for the Infra, Automotive and Solar industries. The total Capex for this expansion will be -100 MN and will be financed by the internal adjustments of the company.
According to wholesale trading data available on BSE, Quant Mutual Fund recovered 100,000 shares on December 30, 2021 and Mauritius-based Saints Capital Funds recovered 120,000 shares on December 31, 2021.
Commenting on this crucial step in the expansion, Richi Bansal, Executive Director of RamaSteelTubes Limited, said: “It gives me great pleasure to announce that we are expanding and improving our current capabilities to meet the high demand of the rapidly growing automotive sector. growth of the country. RSTL projects a significant increase in demand for special high thickness steels in the coming years. This additional capacity of ~ 30,000 MTPA will significantly expand our product line. We are also happy to announce that we have a strong growing order book for these new SKUs and expect it to continue to grow.
Rama Steel Tubes Limited (RSTL) is a pioneer and a leading manufacturer in the steel tube industry. RSTL has continuously strived to improve its performance by increasing sales, the share of value-added products, innovating new products and aggressively optimizing costs on an ongoing basis.
The RSTL product line includes MS ERW black pipes from 15mm to 200mm in diameter confirming IS: 1239, IS: 1161, IS: 3589, 15: 3601, & IS: 4270 and GI Pipes from 15mm to 150mm NB in light weight , medium and heavy sizes. RSTL has an export rate of 20%, with a global presence in more than 15 countries.
RSTL has a subsidiary in United Arab Emirates and a gradual subsidiary in Nigeria which has strengthened the company’s presence in global markets, RSTL has the latest technology, plant and machinery in the world, which also includes sophisticated test equipment. RSTL has 4 advanced manufacturing capabilities located in Sahibabad (UP), Khopoli (Maharashtra) and Anantpur (Andhra Pradesh) and has a strong network of distributors spread across India.
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