A Memorandum of Understanding (MOU) for the establishment of a steel processing unit was signed between Rama Steel Tubes and the Government of Uttar Pradesh.
MS Pipes, STP Poles, GL Pipes, CR Coils, GP Coils, and Color Coated Coils would all be processed in the steel processing facility.
According to this MOU, a Rs 6 billion investment is proposed, which will be made gradually.
Richi Bansal, Executive Director, Rama Steel Tubes, responded by saying, "We are happy to announce that the company has received a huge project.”
“Our long-standing relationship and reputation have once again paid off, landing us a new, prestigious mega project. We are proud of the various State Corporations with which RSTL has a history and have a long-standing relationship. This deal will help the capacity development strategy and improve our position in the market for steel tubes and pipes,” added Bansal.
Steel pipe manufacturing and associated goods are produced by Rama Steel Tubes.
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