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Rama Steel Tubes signs MoU with Government of Uttar Pradesh

12 Jan 2023 Evaluate

In a step towards make in India and building Aatmnirbhar Bharat ambition of Government of India, Rama Steel Tubes has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh for setting up of Steel Processing Unit including MS Pipes, STP Poles, GI Pipes, CR Coils, GP Coils, Colour Coated Coils.

Under this MoU, the proposed investment will be of Rs 600 crore to be invested in phased manner. Further, the favourable business environment and the special incentive packages offered by the U.P. government will additionally help the company to strengthen its position in the steel tubes & Pipes Industry.

Rama Steel Tubes is a leading player engaged in the manufacturing and trading of Steel Tubes & Pipes and Rigid PVC (Poly Vinyl Chloride) & G.I. (Galvanised Iron) Pipes in India as well as in the world.

Peers
Company Name CMP
JSW Steel 1280.00
Tata Steel 187.70
Steel Authority 184.80
Jindal Stainless 747.90
APL Apollo Tubes 2206.00
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