Rama Steel Tubes announces major expansion at Khopoli plant in Maharashtra
Rama Steel Tubes Limited (RSTL), a prominent name in the Indian steel industry, has initiated a significant capacity expansion at its Khopoli plant in Maharashtra. This strategic expansion, involving an additional capacity of approximately 40,000 MTPA, represents a key development for the company.
Expansion Details and Timeline
- Location: Khopoli, Maharashtra.
- Capacity Increase: Approximately 40,000 MTPA.
- Completion: Expected by the end of Q4 of FY25, with subsequent commencement of commercial production.
- Facilities: The expansion includes setting up a state-of-the-art cold rolling mill and steel sheet galvanizing facility.
- Investment: The total Capex for this expansion is estimated at around Rs.300 million, funded through internal accruals of RSTL.
CEO’s Statement on the Expansion
Richi Bansal, Whole Time Director & CEO of Rama Steel Tubes Limited, expressed his enthusiasm about the expansion. “It gives me immense pleasure to announce that we are setting up Cold Rolling Mill and Galvanizing steel sheet facility to cater to the in-house raw material requirements to meet the high demand of our specialized steel solutions in the country’s growing infrastructure and automobile sector,” said Mr. Bansal. He also highlighted the anticipated increase in demand for special grade, high-thickness steel, and RSTL’s readiness to meet this demand efficiently.
About Rama Steel Tubes Limited
Established in 1974 by H.L. Bansal, Rama Steel Tubes Limited has become a trusted name in the steel Pipes & Tubes and G.I. Pipes market in India and is gaining global recognition. The company’s commitment to quality and innovation has positioned it as a leader in the steel manufacturing sector.