
New Delhi (India), January 11: BSE & NSE listed Rama Steel Tubes Limited (RSTL), one of the leading manufacturers of Steel Pipes & Tubes and G.I. Pipes in India, is setting up a manufacturing facility of ~20,000 MT pa at its step-down subsidiary RST Industries Limited (RSTIL) in Nigeria, West Africa.
RSTIL has already commenced the expansion exercise for setting up the proposed facility in Nigeria; the expansion is expected to be completed in two tranches and will be fully operational by August 2022, and expects to operate at full capacity by Q3 of FY23. This additional capacity mainly aims to expand our current repertoire of SKUs to include Roofing Sheets. The total capital outlay for this expansion will be INR ~200 MN and will be funded through a mix of internal accruals and partially through debt.
Recently, as per bulk deal data available on BSE, Quant Mutual Fund had picked up 100000 shares on 30th December 2021, and Mauritius based Saints Capital Funds picked up 120000 shares on 31st December 2021.
Commenting on the announcement, Mr. Richi Bansal, Executive Director of Rama Steel Tubes Limited, said, “It gives us immense pleasure to announce that we are expanding and setting up a facility to meet the high demand of the Roofing sheets in Nigeria. We always had the vision to become one of the leading companies in building material products and solutions. This milestone is one of the few business strategic pipeline of plans. We have a firm hold and presence in the region of western Africa for the past five years. This capacity of 20,000 MTPA will add significantly to our subsidiary’s top line. We are also happy to state that we have a strongly growing order book for these new SKUs and expect it to grow further. This also takes us one step ahead in our competition and further elevates our performance benchmark to the next level.
We humbly would like to express our gratitude to all our stakeholders for always encompassing confidence in RSTL.”
Really Appreciate this article, how can I make is so that I receive an email every time you publish a fresh post?
I got what you mean ,saved to fav, very nice site.
Definitely believe that which you said. Your favorite justification seemed to be on the internet the easiest thing to be aware of. I say to you, I certainly get irked while people consider worries that they just do not know about. You managed to hit the nail upon the top and also defined out the whole thing without having side effect , people could take a signal. Will likely be back to get more. Thanks
great submit, very informative. I ponder why the other experts of this sector do not notice this. You must continue your writing. I’m confident, you have a great readers’ base already!
Thank you for sharing with us, I believe this website truly stands out : D.
Hi! This is my first comment here so I just wanted to give a quick shout out and say I truly enjoy reading your articles. Can you recommend any other blogs/websites/forums that cover the same topics? Thank you!
Yeah bookmaking this wasn’t a high risk conclusion great post! .
Excellent site. A lot of useful info here. I¦m sending it to several buddies ans additionally sharing in delicious. And naturally, thanks on your effort!
Really superb info can be found on site. “Even if happiness forgets you a little bit, never completely forget about it.” by Donald Robert Perry Marquis.
Hi , I do believe this is an excellent blog. I stumbled upon it on Yahoo , i will come back once again. Money and freedom is the best way to change, may you be rich and help other people.
Great write-up, I am regular visitor of one’s blog, maintain up the excellent operate, and It’s going to be a regular visitor for a lengthy time.
of course like your web site however you have to test the spelling on quite a few of your posts. A number of them are rife with spelling problems and I find it very bothersome to tell the truth however I will definitely come again again.
Thank you for sharing excellent informations. Your web site is very cool. I’m impressed by the details that you?¦ve on this web site. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for more articles. You, my friend, ROCK! I found just the info I already searched everywhere and just could not come across. What a great website.
Thanks , I’ve just been looking for info about this subject for ages and yours is the best I have discovered so far. But, what about the conclusion? Are you sure about the source?
Sweet blog! I found it while searching on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Cheers
you have a great blog here! would you like to make some invite posts on my blog?
Hey very cool blog!! Man .. Excellent .. Amazing .. I’ll bookmark your web site and take the feeds also…I am happy to find numerous useful information here in the post, we need work out more strategies in this regard, thanks for sharing. . . . . .