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Rama Steel Tubes gets nod to incorporate new company

02 Dec 2024 Evaluate

Rama Steel Tubes has received approval for the incorporation of a new company with an investment of 10% in the name and style of ‘ONIX IPP’ or any other name as may be approved by the Ministry of Corporate Affairs. The proposed company to be incorporated in India shall carry out business in the field of Green Energy / Renewable Energy. The Acquisition and Allotment Committee of the company at its meeting held on December 02, 2024, have approved the same. 

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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