Team News Riveting
New Delhi, December 24
Rama Steel Tubes Limited (RSTL), one of the leading manufacturers of Steel Pipes & Tubes and G.l. Pipes in lndia, has initiated capacity expansion at its plant located at Khopoli, Maharashtra.
“RSTL is glad to announce that the company has initiated a massive capacity expansion to the tune of -30,000 MTPA; at its plant located at Khopoli, Maharashtra. The expansion is expected to be completed by the end of Quarter 4of FY22, post which commercial production will commence. This additional capacity is mainly aimed at expanding our current repertoire of SKUs to include Special Grade Structural Steel and High thickness Tubes to cater to the lnfra, Automobile and Solar Sectors,” the company said in a regulatory filing.
The total Capex for this expansion will be Rs 100 million (about Rs 750 crore) and will be funded through internal accruals of the company.
Richi Bonsol, Executive Director, Rama Steel Tubes Limited, said, “It gives me immense pleasure to announce thot we are expanding and upgrading our current capacities to meet the high demand of the country’s growing infra & automobile sector. RSTL projects o significant rise in the demand of special grade, high thickness steel in the coming years. This additional capacity of ‘30,000MTPA will add significantly to our top line. We are also happy to state that we have a strongly growing order book for these new SKUs and expect it to grow further.”
