Established in 1974 in the capital city of Delhi, Rama Steel Tubes Ltd has emerged as a leading manufacturer of products like Hot Rolled Coils, Hollow Sections, G.I Pipes, CR Pipes, Poles, M.S Poles, Steel Blas, and Tubes Hollow Sections. Over the years, the company has built a strong presence in the steel industry, recognized for its quality and innovative offerings.

Stock Market Position 

In a significant development on Monday, Rama Steel Tubes Ltd witnessed impressive trading activity on the stock market. The company’s shares surged by 10%, closing at ₹13.53 on the upper circuit. According to BSE data, a total of 38,03,347 shares were traded, with 49.21% marked for delivery. 

Adding to the momentum, the company announced the establishment of a new subsidiary, “ONIX IPP Private Limited,” during its board meeting on the same day. This new entity will focus on green energy and renewable energy initiatives, aligning with the global push for sustainable development.

Business Commitment 

The move marks a strategic expansion for Rama Steel Tubes Ltd, showcasing its commitment to diversifying its business portfolio while contributing to environmentally friendly practices. With this step, the company is poised to leverage opportunities in the rapidly growing renewable energy sector.

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The combination of strong market performance and the announcement of ONIX IPP Private Limited highlights Rama Steel Tubes Ltd forward-thinking approach and positions it as a key player in the sustainable energy transition.

Conclusion 

We want to tell you that Rama Steel Tubes Ltd is a company that manufactures good quality Hot Rolled Coils, Hollow Sections, G.I Pipes, CR Pipes, Poles, M.S Poles, Steel Blas, and Tubes Hollow Sections. But now this company is going to start another new company. The focus of this new company is going to be on green energy. If this happens, we will also see improvement in our country.