Rama Steel Tubes Rectifies Renewable Energy Allocation to ₹177.30 Crores
Rama Steel Tubes Ltd. has issued a correction regarding its financial commitment to renewable energy purchases. The company clarified that the accurate allocation for its renewable energy initiative is ₹177.30 crores, addressing a previous miscommunication in reported figures. This substantial investment indicates the company's focus on sustainability and commitment to accurate financial reporting.
05Jun 25
RAMA Steel Tubes Expands into Renewable Energy with 225 MW Solar Power Initiative
RAMA Steel Tubes has acquired an interest in a 225 MW PM-KUSUM solar power initiative, marking its entry into the renewable energy sector. This strategic move represents a significant diversification from the company's core steel business. The PM-KUSUM scheme aims to promote solar energy in agriculture. This expansion aligns with global sustainability trends and could diversify revenue streams, contribute to India's renewable energy goals, enhance the company's ESG profile, and position it for growth in the green energy sector.
Rama Steel Tubes Ltd. has released its Q4 financial results, showing a mixed performance. The company's revenue increased to ₹290.00 crore from ₹268.00 crore year-over-year, marking an 8.21% growth. However, EBITDA decreased to ₹121.00 million from ₹136.00 million, with the EBITDA margin declining to 4.12% from 5.05%. Net profit slightly decreased to ₹68.00 crore from ₹71.00 crore year-over-year but improved from ₹55.00 crore in the previous quarter.
09Apr 25
Rama Steel Tubes Exits Joint Venture with PIR Panchal Constructions, Appoints New Company Secretary
Rama Steel Tubes Ltd. is exiting its 25% stake in a joint venture with PIR Panchal Constructions Private Limited for Rs. 3.98 crore, effective April 09, 2025. The JV contributed 0.12% to the company's FY 2023-24 turnover. Additionally, the company has appointed Mr. Manish Kumar as the new Company Secretary & Compliance Officer, effective the same date.
Rama Steel Tubes Limited (RSTL) announced significant growth in sales volume for Q4FY25 and 12MFY25. Q4 sales volume reached 54,256.30 tons, a 14% YoY increase and 5% QoQ growth. Annual sales volume for 12MFY25 totaled 194,212.53 tons, up 9% YoY. The company's performance indicates strong market demand and successful expansion strategies. RSTL operates three manufacturing facilities in India and has a presence in over 16 countries.