Rama Steel Tubes Limited — Updates, 05-06-2025: Press Release

Rama Steel Tubes has announced a board meeting to approve the financial results for the quarter and half-year. The company entered renewable energy by acquiring a 10% stake in a 225 MW solar project in Maharashtra with 25-year PPAs at ₹3.10/unit. This will generate steady annual revenue of ₹10.81 crore, totaling around ₹270 crore over 25 years. The move diversifies revenue and enhances the company’s ESG profile with stable, long-term income from clean energy.