Leading manufacturers of Steel Pipes & Tubes and GI Pipes in India Rama Steel Tubes Limited is setting up a manufacturing facility of 20,000 tonne per year at its step down subsidiary RST Industries Limited in Nigeria in West Africa to produce Roofing Sheets. The total capital outlay for this expansion will be INR 200 million and will be funded through a mix of internal accruals and partially through debt. Rama Steel Tubes 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 is mainly aimed at expanding current portfolio to include Roofing Sheets. RST Industries Ltd Nigeria has signed annual contract with Hong Kong’s Huihai Group Ltd for an exclusive arrangement for supply of specialty steel SKUs of 15,000 tonnes per annum in Nigeria.
Leading manufacturers of Steel Pipes & Tubes and GI Pipes in India Rama Steel Tubes Limited is setting up a manufacturing facility of 20,000 tonne per year at its step down subsidiary RST Industries Limited in Nigeria in West Africa to produce Roofing Sheets. The total capital outlay for this expansion will be INR 200 million and will be funded through a mix of internal accruals and partially through debt. Rama Steel Tubes 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 is mainly aimed at expanding current portfolio to include Roofing Sheets. RST Industries Ltd Nigeria has signed annual contract with Hong Kong’s Huihai Group Ltd for an exclusive arrangement for supply of specialty steel SKUs of 15,000 tonnes per annum in Nigeria.
