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Ratnamani Metals & Tubes executes Joint Venture Agreement with Technoenergy AG

22 Sep 2023 Evaluate

Ratnamani Metals & Tubes (RMTL) has executed a Joint Venture Agreement (JVA) with Technoenergy AG, Switzerland, on September 22, 2023 to form a joint venture company namely Ratnamani Finow Spooling Solutions in India, which shall be a subsidiary Company (JV Company).

The purpose of the JV Company is for providing pipe spooling solutions, fittings and auxiliary support systems for piping and tubing applications. Through this JV, RMTL proposes to wider its product basket by providing comprehensive piping and spooling solutions in India and across the globe to the end consumers. RMTL possesses necessary infrastructure and strong reputation in the market to complement and supplement TEAG (and its group companies) for providing spooling solutions considering the focus for localization in various critical sectors like Nuclear Power, Oil & Gas, Thermal Power, Water & Sewage treatment and other applications.

Ratnamani Metals & Tubes is a multi-location, multi-product company, in India, manufacturing Tubes & Pipes in Stainless Steel/Exotic material and also Carbon Steel Pipes, in wide size ranges, for wide spectrum of applications.

Ratnamani Metals Share Price

2462.20 116.55 (4.97%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
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