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.