Rama Steel Tubes Limited — Important, 29-10-2024: General Updates

Rama Steel Tubes Limited has incorporated an associate company named ORAM Green Energy Limited, effective October 28, 2024. The new entity will operate in the green and renewable energy sector, with an authorized capital of ₹5 crore. Notably, promoters of Rama Steel, Mr. Naresh Kumar Bansal and Mr. Richi Bansal, are also involved with ORAM Green Energy. The acquisition represents a 40% investment via cash subscription to share capital.