Rama Steel Tubes has initiated a strategic backward integration expansion to the tune of around 40,000 MTPA at its plant located at Khopoli, Maharashtra. The expansion is expected to be completed by the end of Q4FY25, 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 around Rs 30 crore and will be funded through internal accruals of the company.
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.
| 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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