You are here: Home » Companies » News
Business Standard

Rama Steel starts production at Khopoli plant

With this, the company is doubling its capacity to 72,000 tonnes of mild steel tubes output

Dilip Kumar Jha  |  Mumbai 

Rama Steel starts production at Khopoli plant

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.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, November 01 2015. 17:28 IST