Readymade Steel India has set up a wholly owned subsidiary (WOS) company in Singapore named - Readymade Steel Singapore, to explore related business opportunities in Singapore and overseas market. The company’s board authorized managing director of the company to explore such opportunities, conduct initial assessment including funding requirement and take necessary steps for augmentation of company's business interest in the overseas market.
Further, Readymade Steel India has identified CABR Technology Company, China as its potential joint venture partner and is in advanced stage of discussing a proposal to jointly undertake manufacturing of mechanical splicing system & couplers in India and marketing of the same in India as well as specified territories aboard.
The board at its meeting held on November 14, 2011 has transacted and noted the business.
Readymade Steel is primarily in the business of providing ready to use steel for construction activities to the infrastructure industry. Readymade Steel is used in commercial and residential projects and various infrastructure works like the metro/mono-rail, bridges, highways, power plants, etc. Cut and bent steel is used in columns, beams, foundations and slabs.
