Remi Edelstahl Tubulars Announces Global Expansion and Q1 FY26 Results
Remi Edelstahl Tubulars Limited has revealed plans for global expansion alongside its Q1 FY26 financial results. The company has approved a strategic alliance with WSG Co. Limited, South Korea, to manufacture Ultra High Purity (UHP) and titanium stainless steel tubes in India. WSG will invest $1 million in convertible warrants and provide technology transfer. Remi is also raising capital through preferential allotments to support expansion. Q1 FY26 results show a 18.73% increase in total income and a 7.23% rise in net profit compared to Q1 FY25.
29Jul 25
Remi Edelstahl Tubulars Reports Q1 Profit Growth, Inks Strategic Partnership with South Korean Firm
Remi Edelstahl Tubulars Limited reported a 7.23% increase in net profit to Rs 21.07 lakhs for Q1 FY2026. Total income rose by 18.73% to Rs 2,734.74 lakhs. The company entered a strategic partnership with South Korean firm WSG Co. Limited to manufacture Ultra High Purity and titanium stainless steel tubes in India. WSG will invest USD 1 million through convertible warrants. The partnership aims to enhance Remi's technological capabilities and global competitiveness. The Board approved preferential allotment of shares to promoter and non-promoter investors.