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Rama Steel Tubes Ltd. ( (IN:RAMASTEEL) ) has issued an update.
Rama Steel Tubes Ltd. announced the outcome of its board meeting where it approved further investment in its wholly-owned subsidiary, RST International Trading FZE in the UAE, through share acquisition. Additionally, the board sanctioned a working capital loan of AED 10 million for the subsidiary, aimed at supporting its expansion plans and exploring new business opportunities, indicating a strategic move to bolster its market presence and operational capabilities.
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 operates in the steel industry, focusing on products such as basic steel and non-ferrous metal products, building and construction materials, and various industrial equipment.
Average Trading Volume: 984,193
Technical Sentiment Signal: Hold
Current Market Cap: 16.21B INR
For detailed information about RAMASTEEL stock, go to TipRanks’ Stock Analysis page.