Rama Steel Tubes zooms ~4% on securing 2 new orders worth Rs26.40 crore

21 Jul 2022 , 01:18 PM

Rama Steel Tubes Limited (RSTL), one of the leading manufacturers of Steel Pipes and Tubes informed that it has received orders worth Rs26.40 crore from Jal Shakti Vibhag (Himachal Pradesh).

The orders are received from H.P. State Civil Supplies Corporation Limited for its Jal Shakti Vibhag, Himachal Pradesh under the Jal Jeevan Mission Project in India.

The order received is for the supply of ERW Galvanized Pipes.

RSTL stated that it takes pride in having a long history of being associated with prestigious projects.

Richi Bansal, Executive Director, Rama SteelTubes Limited, commented on the announcement, saying, “We are delighted to announce that the Company has received orders for the supply of ERW Galvanized Pipes under the Jal Jeevan Mission Project in India.

Our continued relationship and credibility resulted in new prestigious orders. Many State Corporations have been associated with RSTL in the past, and we are proud of our longstanding relationship with them.”

At around 1.21 PM, Rama Steel Tubes was trading 3.69% higher at Rs420.35 against previous close of Rs405.40 on NSE. So far in the day, it touched intraday high and low of Rs421 and Rs408.50 respectively.