Brief: Rama Steel Tubes Initiates Backward Integration Expansion Of 40,000 MTPA At Khopoli Plant

Rama Steel Tubes

05/12/2023 05:29

Dec 5 (Reuters) - Rama Steel Tubes Ltd  RAMA.NS :
    * INITIATED A STRATEGIC BACKWARD INTEGRATION EXPANSION TO
TUNE OF
40,000 MTPA AT ITS PLANT AT KHOPOLI
    * EXPANSION IS EXPECTED TO BE COMPLETED BY END OF Q4 OF FY25
    * TOTAL CAPEX FOR THIS EXPANSION WILL BE 300 MILLION  RUPEES
    * SETTING UP COLD ROLLING MILL AND STEEL SHEET GALVANIZING
FACILITY

Source text for Eikon:  ID:nNSE3ct8wW 
Further company coverage:  RAMA.NS 

 ((Reuters.Briefs@thomsonreuters.com;))