Posted on 01 Nov 2015
Steel pipes and tubes
manufacturer Rama Steel Tubes Ltd (RSTL) has
commenced commercial production at its Khopoli plant, near Mumbai, doubling its
capacity to 72,000 tonnes of mild steel tubes output.
The Khopoli plant which is the company’s latest addition to its two existing
plants at Sahibabad near Delhi enjoys the economic advantage of low
transportation cost benefiting exports as well as distribution in the western
and southern pipe markets in India.
"Adding the plant at Khopoli was a decision based on anticipated benefits
for the growth and profitability of the company. Our exports already constitute
30-35% of our turnover and markets around Mumbai and South India have
tremendous demand for hollow sections and tubes," said Richi Bansal,
Executive Director, RSTL, listed on Bombay Stock Exchange and National Stock
Exchange with a market cap of Rs 130 crore.
RSTL reported gross sales of Rs 49 crore for the first quarter ended June 2015.
The company has set up its overseas arm, RST International Trading FZE, in
Dubai with the objective of exploring international business in steel products,
concentrating its business in Africa, mainly in Ethiopia, Sudan, Somalia Ghana
and UAE.
