Filter announcements
Loading...
Incorporated in 1974, Rama steel tubes is one of the leading manufacturers of Steel Pipes & Tubes, Rigid PVC & G.I. Pipes and square section products in India.
Rama Steel Tubes' Board approved the sale of a non-core land and shed unit in Ghaziabad for 26.75 Cr. This divestment, involving an asset that generated no prior revenue, aims to streamline operations.
Rama Steel Tubes' board approved audited financial results for the quarter and year with unmodified opinion. Consolidated PAT was 10.95 Cr on 1,124.12 Cr revenue. The company struck off immaterial subsidiary Rama Defence and its Bigwin Buildsys stake became non-associate.
Rama Steel Tubes reports strong FY26 sales volume of 215,114.20 Ton, marking a 10.20% YoY increase. Q4FY26 volume, however, saw a dip to 43,178.42 Ton compared to Q4FY25. Full-year growth overshadows recent quarterly performance.
Rama Steel Tubes reduced its stake in Bigwin Buildsys Coated Pvt Ltd from 24.80% to 9.32% via a preferential issue, ceasing it as an Associate Company. Bigwin's contribution was Rs 0.0188 Cr to revenue (0.18%) and net worth, implying negligible financial impact for Rama Steel.
Rama Steel Tubes appointed a new Executive Director. Board approved a preferential allotment of 15.35 Cr shares at Rs 10.25 each (Rs 15.74 Cr total) to acquire a 21.62% stake in Automech Group Holding.