India’s leading steel pipe maker Rama Steel Tubes Board has discussed in details he matter with respect to acquisition of business of companies engaged in similar line of business which will help in integration of businesses. For the said purpose the Board formed a committee to explore possibilities for acquisition of companies engaged in similar line of business. The committee is directed to prepare a detailed report on the same for the consideration of the Board. c expects its 30,000 tonnes per year capacity expansion at Khopoli plant to be commissioned by 2022 end, as will its new 20,000 tonnes per year Nigeria-based plant. Once completed, the producer will have an overall tube making capacity of 300,000 tonnes per year.Rama Steel Tubes is also in the process of modernising its Sahibabad plant, with a major goal of de-bottlenecking operations, which will result in increased yield per tonne of finished product. The first phase of this work will be completed by 2022 end.Backward integration efforts at the plant in Anantpur District in Andhra Pradesh, involving the installation of cold rolling and galvanizing lines, will lead to an in-house raw material support of 50,000 tonnes per year in the coming yearsIn the first half of the fiscal year through March 2023 Rama’s sales surged 68% YoY to 78,609 tonnes while revenue rose 75% YoY to INR 595 crores but net profit fell 36% to INR 9 crores due to higher costs.Established in 1974 by Mr HL Bansal, Rama in one of the most trusted and established names in the Steel Tube and pipe market in India. Its range includes MS ERW black pipes from 15mm to 200mm diameter pipes and GI Pipes from 15mm to 150mm NB in light, medium, and heavy sizes.
India’s leading steel pipe maker Rama Steel Tubes Board has discussed in details he matter with respect to acquisition of business of companies engaged in similar line of business which will help in integration of businesses. For the said purpose the Board formed a committee to explore possibilities for acquisition of companies engaged in similar line of business. The committee is directed to prepare a detailed report on the same for the consideration of the Board. c expects its 30,000 tonnes per year capacity expansion at Khopoli plant to be commissioned by 2022 end, as will its new 20,000 tonnes per year Nigeria-based plant. Once completed, the producer will have an overall tube making capacity of 300,000 tonnes per year.Rama Steel Tubes is also in the process of modernising its Sahibabad plant, with a major goal of de-bottlenecking operations, which will result in increased yield per tonne of finished product. The first phase of this work will be completed by 2022 end.Backward integration efforts at the plant in Anantpur District in Andhra Pradesh, involving the installation of cold rolling and galvanizing lines, will lead to an in-house raw material support of 50,000 tonnes per year in the coming yearsIn the first half of the fiscal year through March 2023 Rama’s sales surged 68% YoY to 78,609 tonnes while revenue rose 75% YoY to INR 595 crores but net profit fell 36% to INR 9 crores due to higher costs.Established in 1974 by Mr HL Bansal, Rama in one of the most trusted and established names in the Steel Tube and pipe market in India. Its range includes MS ERW black pipes from 15mm to 200mm diameter pipes and GI Pipes from 15mm to 150mm NB in light, medium, and heavy sizes.
