Rama Steel Tubes Ltd

(RAMASTEEL)

Rama Steel Tubes Reports Strong Q2 Sales Growth - 07 Oct, 2024

Rama Steel Tubes Limited announced a 42% year-over-year increase in Q2 FY25 sales volume, totaling 50,921.67 tons. Despite strong sales, shares declined by approximately 4.83%. The company also reported a 4.83% increase in H1 FY25 sales volume compared to the previous year.

Rama Steel Tubes Expands into Green Energy Sector - 04 Oct, 2024

Rama Steel Tubes has launched ORAM Green Energy, holding a 40% stake, marking its entry into renewable energy. The company reported strong historical returns and recent financial performance.

Rama Steel Tubes Forms New Associate in Green Energy - 03 Oct, 2024

Rama Steel Tubes Ltd. has established an associate company, ORAM Green Energy Limited, holding a 40% stake. This new entity will focus on opportunities in the green and renewable energy sectors, expanding Rama Steel's footprint in this emerging market.

Rama Steel Tubes Expands into Renewable Energy and Defence - 24 Sep, 2024

Rama Steel Tubes announced a collaboration with Onix Renewable Ltd. for solar energy solutions and launched a subsidiary, Rama Defence Private Limited, to engage in various defence activities.

Rama Steel Tubes Reduces Debt, Expands Business - 23 Sep, 2024

Rama Steel Tubes Limited has successfully reduced its bank loan limits by Rs 13.27 crores, achieving a 64.16% decrease over the past year. The company also plans to diversify into the defense sector with a new subsidiary, Rama Defence Private Ltd. However, shares closed down 2.23% at Rs 14.90.

Rama Steel Tubes Reduces Loan Limits Significantly - 20 Sep, 2024

Rama Steel Tubes has reduced its sanctioned loan limits by Rs 223.27 crore, a 64.16% decrease over the past year. This includes a reduction of Rs 13.27 crore in its subsidiary, Lepakshi Tubes.

Rama Steel Tubes Stock Gains After Recent Drop - 11 Sep, 2024

Rama Steel Tubes shares gained over 8% after a decline on September 9 and 11. The stock had previously surged around 60% last week but faced profit booking, leading to a temporary pullback.

Rama Steel Tubes Limited Approves Reconstitution - 10 Sep, 2024

Rama Steel Tubes Limited, engaged in manufacturing steel pipes and related products, has approved a reconstitution. The company operates multiple manufacturing facilities across India and serves various industries.

Rama Steel Tubes Faces Profit Booking After Surge - 09 Sep, 2024

Rama Steel Tubes experienced a significant decline after a five-day winning streak, dropping over 9% due to profit booking. The stock had surged nearly 60% following a strategic partnership with Onix Renewable for solar projects. Recent quarterly sales also showed a decline compared to the previous year.