Rama Steel Tubes receives two orders of Rs6.7 crore; Stock up 1%

5 Dec 2022 , 09:19 AM

Rarna Steel Tubes Ltd (RSTL), one of the leading manufacturers of Steel Pipes and Tubes has received orders from Purvanchal Vidut Vitran Nigam Limited and Paschimanchal Vidut Vitran Nigam Limited aggregating to the tune of – Rs6.7 crore.

lt has received two new orders from Purvanchal Vidut Vitran Nigam Limited and Paschimanchal Vidut Vitran Nigam Limited total aggregating to ~Rs6.7 crore. These orders are mainly for supply of Steel tubular poles. These orders will further strengthen RSTL’s order book and credibility in the market.

Commenting on the announcement, Richi Bansal, Executive Director, Rama Steel Tubes Limited, said “We are proud to announce that the Company has received orders.

Our sustained relation and credibility has yet again fructified in bagging us new prestigious orders. RSTL has been associated many State Corporations, even in the past and we celebrate our long-standing relationship with them. These orders will help us in strengthening our position and credibility in the market. These orders will also help us in achieving our targeted revenues at a slightly faster rate than what we had anticipated.”

At around 9:19 AM, Rama Steel Tubes was trading at Rs176.05 per share higher by 1.09% on the BSE.

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