Ratnamani Metals & Tubes Limited — JV/Acquisition, 26-08-2025: Acquisition

Ratnamani Metals & Tubes has incorporated "Ratnamani Middle East Company, LLC" as a new subsidiary in Saudi Arabia, acquiring a 75% stake for Saudi Riyal 15,00,000. This joint venture, with Saudi Electrical Materials Co., targets the KSA and GCC markets with critical steel tubing solutions. The strategic move expands RMTL's geographic footprint, enabling local manufacturing of seamless products previously imported. This will enhance RMTL's branding and customer service in the region, building a strong platform for future growth.