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An update from Rama Steel Tubes Ltd. ( (IN:RAMASTEEL) ) is now available.
Rama Steel Tubes Ltd. has announced further investment in its wholly owned subsidiary, RST International Trading FZE in the UAE, through the acquisition of shares. The Board of Directors has also approved a working capital loan of AED 10 million to support the subsidiary’s expansion plans and explore additional business opportunities. This strategic move is expected to facilitate future growth initiatives and strengthen the company’s position in the market.
More about Rama Steel Tubes Ltd.
Rama Steel Tubes Ltd. is a manufacturer and exporter specializing in ERW steel tubes, both black and galvanized. The company is involved in the trading of basic steel and non-ferrous metal products, building and construction materials, and various industrial equipment. Its market focus includes reinforcement steel bars, pipes and fittings, refrigeration and cold-storage equipment, and construction machinery.
Average Trading Volume: 984,193
Technical Sentiment Signal: Hold
Current Market Cap: 16.21B INR
Find detailed analytics on RAMASTEEL stock on TipRanks’ Stock Analysis page.