Rama Steel Tubes Ltd Company Summary

Rama Steel Tubes Ltd Summary

Rama Steel Tubes Limited was incorporated on February 26, 1974 in New Delhi. The Company was founded by the late Shri Harbans Lal Bansal, and is currently managed by his son, Mr. Naresh Kumar Bansal, and his grandson, Mr. Richi Bansal. The Company is engaged in manufacturing of Steel Pipes & tubes and related products. The Companys manufacturing facilities are located at Sahibabad, in Ghaziabad District of Uttar Pradesh and Khopoli, in Raigarh District of Maharashtra.The total installed capacity is 2,94,000 metric tonnes (MT). The key products in portfolio include Galvanized Tubes, ERW Black Steel Pipes & Tubes, Scaffolding Pipes & Tubes, Structural Steel Products and Hollow Sections. The Company also has a wholly owned foreign subsidiary in Dubai, UAE in the name of RST International Trading FZE, which is engaged in trading of building & construction material item. Initially in 1981, the Company setup a unit with 10,000 tonnes per annum and reached to an installed capacity of 2,64,000 metric tonnes per annum.During the year 2016-17, the Company acquired 100% stake in its wholly owned subsidiary, Lepakshi Tubes Private Limited.In August 2016, the Company doubled the capacity to 72000 MTPA at Khopoli in the second phase of expansion. The Company commenced operations in Southern India facility in 2017-18. It further increased the installed capacity by upgrading the Maharashtra facility and adding a new facility in Andhra Pradesh, which stood at 1,68,000 MTPA in 2018.In 2017-18, the Company commissioned first captive Solar Power Plant of 750 KW at Khopoli Unit, Maharashtra. In 2022-23, the Company acquired 51% stake in M/s Ashoka lnfrasteel and a 50% stake in M/s Hagar Mega Mart Pvt. Ltd. and further has been holding 25% stake in Peer Panchal Construction (JV).The Company in FY 2023-24, sold of its entire 50% stake in Hager Mega Mart Private Limited (HMMPL), resulting in HMMPL ceasing to be an associate of the Company effective from March 6, 2024.