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The latest update is out from Rama Steel Tubes Ltd. ( (IN:RAMASTEEL) ).
Rama Steel Tubes Limited has announced its acquisition of the UAE-based Automech Group for AED 296 million, marking a strategic move into high-margin fabrication and engineering segments. This acquisition is expected to significantly boost RSTL’s financial performance, with projected revenue growth of over 113% and a substantial increase in EBITDA margins by FY27, driven by operational synergies and an enhanced product-service mix.
More about Rama Steel Tubes Ltd.
Rama Steel Tubes Limited is a leading Indian manufacturer and exporter specializing in ERW steel tubes, both black and galvanized. The company is ISO 9001:2015 certified and is focused on expanding its market presence, particularly in the GCC and MENA regions.
Average Trading Volume: 888,704
Technical Sentiment Signal: Hold
Current Market Cap: 16.44B INR
Learn more about RAMASTEEL stock on TipRanks’ Stock Analysis page.