
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.”
Hurrah, that’s what I was looking for, what a information! present here at this weblog,
thanks admin of this site.
I’m not that much of a internet reader to be honest but your blogs really nice, keep
it up! I’ll go ahead and bookmark your site to come back later.
All the best
I know this if off topic but I’m looking into starting
my own weblog and was curious what all is required to get setup?
I’m assuming having a blog like yours would cost a
pretty penny? I’m not very internet smart so I’m not 100% sure.
Any suggestions or advice would be greatly appreciated.
Kudos
If you wish for to take a great deal from this post then you have to apply these strategies to
your won web site.
Highly energetic post, I loved that a lot. Will there be a
part 2?
Yes! Finally someone writes about cheap flights.
Hi there to all, it’s in fact a nice for me to pay a visit this web page,
it consists of important Information.
I do believe all of the concepts you’ve introduced for your post.
They’re very convincing and can certainly work.
Nonetheless, the posts are too short for beginners. May you please lengthen them a little from subsequent time?
Thank you for the post.
Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or
something. I think that you can do with some pics to drive the message home a little bit, but instead of that, this is great blog.
An excellent read. I will certainly be back.
I loved as much as you’ll receive carried out right here.
The sketch is tasteful, your authored material stylish.
nonetheless, you command get bought an shakiness over that you wish be
delivering the following. unwell unquestionably come more formerly again as exactly the same
nearly very often inside case you shield this hike.
I truly love your site.. Great colors & theme. Did you build this website yourself?
Please reply back as I’m trying to create my very own blog and want
to learn where you got this from or exactly what the
theme is named. Many thanks!
This is a really good tip especially to those fresh to the blogosphere.
Short but very precise info… Thanks for sharing
this one. A must read article!
whoah this blog is great i love studying your articles.
Stay up the great work! You know, many persons are searching around for this information, you could
help them greatly.
Hi there, yeah this article is truly nice and I have learned lot of things from it on the topic of blogging.
thanks.
Look at my web blog :: 2022