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Ratnamani Metals & Tubes Ltd.

BSE: 520111 Sector: Metals & Mining
NSE: RATNAMANI ISIN Code: INE703B01027
BSE 00:00 | 20 Feb 1316.60 -3.25
(-0.25%)
OPEN

1331.15

HIGH

1344.00

LOW

1300.10

NSE 00:00 | 20 Feb 1315.10 -6.40
(-0.48%)
OPEN

1324.00

HIGH

1345.00

LOW

1301.10

OPEN 1331.15
PREVIOUS CLOSE 1319.85
VOLUME 562
52-Week high 1359.95
52-Week low 824.30
P/E 20.28
Mkt Cap.(Rs cr) 6,155
Buy Price 1302.00
Buy Qty 1.00
Sell Price 1318.00
Sell Qty 1.00
OPEN 1331.15
CLOSE 1319.85
VOLUME 562
52-Week high 1359.95
52-Week low 824.30
P/E 20.28
Mkt Cap.(Rs cr) 6,155
Buy Price 1302.00
Buy Qty 1.00
Sell Price 1318.00
Sell Qty 1.00

Ratnamani Metals & Tubes Ltd. (RATNAMANI) - Company History

Ratnamani Metals & Tubes Limited (RMTL), a multi-product, multi location public limited company was incorporated on 15th September 1985, it providing total piping solutions to a diverse range of industries. Ratnamani's manufacturing facilities employ state-of-the-art technology to produce a wide range of Stainless Steel Welded / Seamless Tubes & Pipes and Carbon Steel Welded Pipes. The company caters to the niche markets of almost all the emerging sectors like oil and gas, refineries, petrochemicals, process industries, power plants and water distribution. All the plants of the company are situated in Gujarat alone. RMTL commenced its production as a twin small-scale unit of stainless steel welded pipes & seamless tubes in the year of inception itself. During the year 1991, the company had established facilities for manufacturing stainless steel electric fusion welded [EFW] pipes. Again, the company added one more production portfolio, in the year 1995, commenced production of submerged arc welded [SAW] pipes. After two years, in 1997, RMTL had received API 5L Monogramming License. During the year 1999, the company's production of stainless steel tubes for automobile exhaust systems was commenced. The first mobile plant for Narmada Canal Pipe Line Project under Government of Gujarat was executed the company in the year of 2000. During the year 2001, the company accredited to ISO 9002 for quality management system under Lloyd's Register Quality Assurance (LRQA). RMTL had received AD 2000 - Merkblatt W 0 Certification under RWTUV in the year 2002 and also in the same year, reconditioned as a well known Tube / Pipe Maker under IBR. The Company got approval from Nuclear Power Corporation of India Limited in the year 2003 for the supply of critical instrumentation seamless tubes & primary piping for nuclear reactors. Also, RMTL made up-gradation of ISO 9002 certification to ISO 9001-2000 under LRQA. During the year 2004, the company delivered duplex stainless steel seamless tubes as per SA 789 / UNS 31803 and UNS 32205 and RMTL took its enhancement of current capacity by establishing new manufacturing facilities at Kutch, Gujarat during the identical year of 2004. After a year, in 2005, RMTL had started manufacturing of welded cold drawn duplex steel tubes as per SA 789 / UNS 31803 and UNS 32205. During the financial year 2004-05, the Kutch project of the company commenced commercial production and production has stabilized for all the products except Hot Extruded Mother Pipes. In 2006, the company had obtained API Spec 5L approval for Kutch plant and in 2007, Kutch plants granted status of Well Known Pipe Maker by Central Boilers Board. During the same year of 2007, RMTL became a Green Power Company by using 100% green power and awarded Export Trading House status by DGFT. CRISIL assigned ratings on RMTL as AA- & P1+, it reflects the company's strong financial risk profile and leadership position in the stainless steel tubes and pipes (SSTP) segment, which was assigned in March of the year 2008. In tune with the company's philosophy of continues innovation and up-gradation, RMTL has plans to add new products with higher sophistication and value addition enhancing company's capability to offer better and technologically advanced products.