Rama Steel Tubes bags new order worth Rs9.9 crore; Stock sheds 1.5%

26 Jul 2022 , 09:41 AM

Rama Steel Tubes Ltd (RSTL) has received new order from Himachal Pradesh State Electricity Board Limited total aggregating to ~Rs9.9 crore. This order will further strengthen RSTL’s order book and credibility in the market, the company said.

Commenting on the announcement, Richi Bansal, Executive Director, Rama Steel Tubes Limited, said “We are proud to announce that the Compony has received order from Himachal Pradesh State Electricity Board Limited. Our sustained relation and credibility hos yet again fructified in bogging us new prestigious order. 

The Company has been associated with many State Corporations. This order will help us in building up our position and maintain credibility in the market. This order will also help us in achieving our targeted revenues at a slightly faster pace thon what we had anticipated.”

At around 9:42 AM, Rama Steel Tubes was trading at Rs420.75 per share lower by 1.56% as against previous closing of Rs427.40 per share on the BSE.